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.
"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."
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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.
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