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The following is a summary of suggestions from a successful gentleman who operates 10 businesses whilst travelling the world with his young family: 1. Multiple Revenue Streams. A typical small business isn’t usually that impressive but when its profits are multiplied by ten, you’ve got a diversified, multi-million dollar portfolio. 2. Do Not Partner. If … Continue reading
I’m going to assume that we all know what an association is, and for the purpose of this post, I’m concentrating on trading associations owned by all members. The purpose referred to above is suggesting favourable 1. Corporate structure; 2. Trading style; and 3. Tax regime to adopt. CORPORATE STRUCTURE Consider incorporation (ie Limited) if … Continue reading
Phoenix Debola 