What is a Family Investment Company (FIC)
A Family Investment Company (FIC) is a private company structure utilized by families to manage and control their assets in a tax-efficient manner. It allows family members to invest collectively, providing a framework for asset protection, succession planning, and potential tax benefits.
Benefits of a Family Investment Company
FICs offer several advantages, including enhanced control over family wealth, flexibility in distributing income, and the ability to incorporate family governance structures. They also provide opportunities for tax planning and can facilitate the transfer of wealth across generations.