The small business owners who haven’t paid their employees super, have finally been caught out.
One tip that will make a key difference.
My message to business owners is take a chill pill. All will be sorted.
In small business, a key asset protection strategy is to set up an investment trust outside of your main trading trust.
This investment trust is what buys your investment property.
You need to do this because you cannot have it in your name as the director of the company who is running the business. This is far too risky in a litigious society.