No organization could have anticipated the unprecedented global implications of COVID-19. The swift and relentless nature of the pandemic impacted the global economy in ways not seen during previous crises. Businesses across all industries were faced with critical decisions as they executed business continuity plans.
In a conversation with YourStory, Dr Apoorva Rajan, Co-founder, Venture Catalysts, and Managing Director of 9Unicorns Accelerator Fund, speaks about what startups need to do post COVID-19 to ensure growth.
A self-settled trust, as it is referred to in the estate planning community, is generally an irrevocable trust that allows the creator (commonly referred to as the “settlor” or “grantor”) to be one of the beneficiaries, while providing many of the same benefits applicable to trusts where only family members are beneficiaries. Such benefits include building wealth outside of the taxable estate of the settlor, multi-generational planning, protecting family wealth from any potential future creditors and consolidating wealth management.
Transfer pricing regulations and international guidance on the subject recommend methodologies to determine arm’s length price.
Are you? You may not be the only one. We have seen stock markets like the Toronto Stock Exchange take major hits over the past two months due to the effects of Covid-19 taking its toll on almost every industry. With some recent rises in markets continuing to build investor confidence, we are still left in the unknown for why this is happening.
Like private equity fund preoccupation with portfolio companies and corporate attention to balance sheets, family offices are currently distracted by their families’ safety and overall investment portfolios.
Some of Australia’s largest listed companies are ditching or deferring the dividend payments investors rely on. Is it time to look further afield?
Family networks have become increasingly geographically dispersed and the next generation’s priorities have shifted towards a more global outlook. As a result, in recent years, many high-net-worth families have established their family offices in global hubs or offshore locations.
Linda Mack of Mack International participated as a panelist for a webinar held April 1, hosted by the Family Office Association entitled, Family Office Compensation and Recruiting Challenges During this Unique Time.
If private placement valuation was important and considered as an option in 2019, it has become a requirement in 2020. In fact, any alternative investment must undertake an updated valuation to be relevant.
