Cash extraction from the family company
One of the most important issues for the family company can be taking money out of the business in the most efficient manner.
Areas to consider for cash extraction
- What are the requirements of individual family members; in both the short and long term?
- How much cash should you be retaining in the business?
- What is the best way to balance the competing interests of family members who do and don’t work directly for the business?
- Which method will suffer the least tax?
Although tax can only ever be part of the equation, it is an important part and an area where we are frequently asked to advise our clients.
Find out more in our guide, or contact us directly.