Effectively managing risk is critical for all modern business
owners. In many ways, the level of risk associated with
operating a successful and compliant business in Australia has
never been higher – particularly having regard to current
economic and business conditions. All business owners should
take stock and consider how their involvement in business might
also impact their personal lives.
'Asset protection' is a general term which encompasses a
broad range of planning activities directed towards reducing risk
exposure of business owners and other individuals –
effectively, by seeking to limit a potential creditor's ability
to access assets or value. Such planning might involve:
