Asset Protection

Asset protection isn’t just insurance and having an accountant setup a tax effective business structure.
You need to continually plan and ensure that ALL of your assets are protected.

Here are some of the issues to consider

Business Assets

• Do you have effective Terms of Trade in place?
• Do they contain a retention of title clause? Is it registered correctly?
• Have your clients completed Account Application Forms?
• Do you hold any security over your debtors? Is it registered correctly?
• Can recover the cost of debt recovery from your client?
• Can you register a security over the goods you supply to your clients and the future income streams from
them?
• Does the company provide loans, stock or equipment to an associated entity? Is it secured and is it registered
correctly?

Director/Shareholder Personal Assets

• Do directors loan funds to the company?
• Do associated companies provide loans, stock or equipment to the company?
• Are effective contracts in place?
• Are the contracts secured and registered correctly?

Remember: Assets that are Incorrectly secured OR registered can be taken from your control in some situations.

If in doubt, speak to Simple Debts urgently.