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Today, I’ve got my good friend Ashwin Ramdas, from Eventum Consulting on the show. He’s an accounting expert, and we’re going to deep dive into the power of entities and structures and how they could be harnessed for your wealth creation.
The thing I love about Ashwin is that he genuinely cares about the overall purpose and the plan, rather than just selling a client on complicated structures if they won’t actually provide an overall benefit.
In this episode, we’re going to run through the benefits of various entities and structures that are available, discuss some drawbacks and negatives to consider, and explore whether this could be something that helps with your overall investing goals.
So, let’s dive right in.
Episode Highlights:
- Intro [00:00]
- What is a Trust and How Does It Work? [02:17]
- Advantages of Using an Entity [05:02]
- How to Set Up a Tax Structure [10:52]
- Tax Benefits and Advantages of a Family Trust [12:46]
- What is a Unit Trust? [17:06]
- How to Reduce Your Tax Bill? [20:00]
- What is the Cost of the Business? [23:02]
- Asset Protection Benefits [28:27]
- Outro [34:01]
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