The Family Office Concept – Protecting your Assets for the Future Generation
A family office is a private company that manages the day-to-day administration and management of a family’s affairs. The company’s financial capital is the family’s own wealth. There are two types of family offices, the single family office or the multi-family office. There are also two ways in which the assets may be held – either in personal name or through a company. In deciding whether to use a family office, one is likely to consider various factors. We set out below the pros and cons of using a family office, as well as information about setting up one in Singapore.
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