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Property Protection Strategies with Adrian Benjamin

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Rob welcomes back Adrian Benjamin to discuss property protection strategies. Adrian, with his corporate background and experience in property sourcing, shares valuable insights on how to protect yourself and your property business. They delve into the benefits of setting up a limited company for tax efficiency and how to utilise products like life insurance and executive income protection through the business. 

KEY TAKEAWAYS

  • Setting up a limited company for a property business can provide tax efficiency and allow for financial protection through the company.
  • Life insurance can be put through a limited company as a company expense, potentially lowering the corporation tax bill.
  • Shareholder protection is important for joint ventures, as it ensures that the shares of a deceased partner can be bought by the remaining partner, preventing potential issues with decision-making.
  • Key person cover is crucial for businesses that rely heavily on a specific individual, as it provides financial support in the event that the key person is unable to work.

BEST MOMENTS

"So there's some great products out there where you can still have financial protection but put it through the limited company." 

"Your tenants are paying for a policy that will cover the whole portfolio. So it's kind of a no brainer." 

"That's what happens with limited company directors. So there's a product called shareholder protection, whereby if that was to happen, you also need a cross option agreement drawn up by a solicitor or legal specialist." 

"If that person's off sick or passes away, that's a massive impact on your business because you can't replace them because everything's in their head."

VALUABLE RESOURCES

Book a call with Adrian

Follow Adrian on insta

Connect with Adrian on facebook

Connect with Adrian on linkedin

Subscribe to Adrian on youtube

GET YOUR DEVELOPMENT FINANCE HERE:

https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration

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SOVEREIGN MAN 4th PILLAR https://dash.sovereignman.com/a/4pmain/tpnpodcast

ABOUT THE HOST

Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s.

BOOKS 

Property FAQs = https://amzn.to/3MWfcL4  

Buy To Let: How To Get Started = https://amzn.to/3genjle  

101 Top Property Tips = https://amzn.to/2NxuAQL  

WHERE TO FIND US

https://linktr.ee/thepropertynomadspodcast

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