There are various ways individuals can look to meet the needs of their family in the future, whilst meeting their own needs today. In our experience, a Family Investment Company offers unique advantages to clients looking to achieve this.
One of the main benefits of FICs as an estate planning vehicle is their flexibility and ability to be customised. However, with this comes the need for careful drafting and tax planning. In addition, FICs have recently been closely scrutinised by HMRC which increases the need to ensure that they are setup and governed correctly.
Elemental is well placed to support private individuals and their advisors on setting up this type of estate planning. We are company formation experts, with qualified company secretaries, solicitors and tax experts.
Here are some of the factors to consider when it comes to forming a FIC:
Our FIC Service is tailored to your individual needs, we usually cover:
Setting up a Family Investment Company
How the FIC is setup with the correct drafting is essential to meet your requirements and those of HMRC. We will advise on:
Like any other company, an FIC will need to remain compliant. We can:
Our experts will be on hand to discuss matters such as:
Our specialists offer a comprehensive service, from the identification of the target through to due diligence and acquisition. Please get in touch to discuss how we can help.
Elemental CoSec is a proud member of the government’s UK Advisory Network and recognised as a specialist in assisting businesses setting up in the UK.