Family investment companies (sometimes abbreviated to FICs) have recently become very popular. In simple terms, a family investment company is a private limited company which is set up in a way to enable an individual to pass wealth to the next generation, whilst still retaining control of his assets.
There are a number of ways in which a family investment company can be structured:
The corporate team at BBS Law has considerable experience in the setting up of family investment companies and can provide advice and assistance both working with your tax advisers on the structuring of the transaction and also in the preparation of the bespoke documentation required to ensure that the structure works in practice.
We have particular expertise in advising on complex structures involving different funds and pride ourselves in taking a commercial and innovative approach to this type of work.