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Tax time is just around the corner and with the stable cash flow generated from management rights lots of management letting rights owners who bought management rights from SIRE Management Rights told us that they are facing big tax bills every year. Well we thought it is a great problem to have.
In the Management rights formula we have dedicated a whole chapter on this topic in Chapter Seven. Aiming to help our clients to reduce tax legally and live the lifestyle they deserve.
Below are the 11 little known tips management rights owners can use to reduce tax legally:
Before you fill in the form below to order the management rights formula, let’s have a look at "What are some of the common mistakes people make in setting up the structure".
One of the common mistakes is not considering the potential personal risks. Business buyers tend to forget the possible impact on their personal and family assets. They might be directly affected by the wrong structure as soon as their business runs into trouble.
Keep in mind that it’s important to have legal documents when it comes to managing a corporation. All corporations should have an agreement declaring the rights, responsibility, financial contributions, distribution of rewards and provisions for separating interest when there are any changes of circumstance for all parties involved.
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