FAQ with Shaz

28/03/2022 18 min Episodio 185
FAQ with Shaz

Listen "FAQ with Shaz"

Episode Synopsis

In this episode hear about alphabet shares and how you can freeze some shares and continue to put value into others along with great information about whether you should have a company car or not and how should you finance it
Shaz also discusses business structure and how you can form a holding company structure and then use different business structures for different projects within this. If you are just getting started there’s great content that will make a difference, listen in, and hear more
 
KEY TAKEAWAYS
Create alphabet shares so that people can have different dividends
You can also restrict voting rights and exit entitlements
You can freeze the value of existing shares and put all value into new shares
Alphabet shares are great for passing over income, assets, and value to your children
You may use different structures for companies doing different things
Think about having a holding company that can create new SPVs every time you do a new project
When the dividend gets paid into the holding company there’s no tax to pay
Having an SPV limits the risk because it's only dealing with one project
If you use your own car you can claim 45 pence a mile for the first 10,000 miles in any tax year
If you have a company car you need to look at the benefit in kind rules
Explore the opportunities and find what works for you
 
BEST MOMENTS
‘One project in one company at one time works best’
‘Think about your situation and what’s right for you’
‘If you go electric the tax is very low’
 
VALUABLE RESOURCES
[email protected]
 
ABOUT THE HOST
Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
You can find Shaz on:
  Facebook

  LinkedIn

  Instagram

  YouTube.