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My Business Magazine July (2005)

Uncategorised

My Business Magazine July (2005)

By , February 11, 2015

Creating wealth through your business and investments is only the first step of your financial planning strategy. Once you have created the wealth you need to structure your financial affairs so that your wealth is protected.  Barriers in the form of business practices and structures, need to be implemented to protect your wealth from risk. There are six ‘barriers’ you can use; owning nothing, quarantining your assets, identifying appropriate structures, creating the ideal structure, having adequate insurance and legal protections. All of these measures help protect your wealth over the long term.

Asset Protection by Craig West business magazine July 2005 Craig West Business magazine July 2005 asset protection succession plus
Craig West

Dr Craig West

Founder & Chairman | Succession Plus

Dr Craig West is a strategic accountant who has over 20 years of experience advising business owners.

With a background as an accountant in practice and two master’s degrees, Craig formed a strong view that the majority of business owners (and often their advisers) were unprepared and unaware of the steps required to prepare for exit. He then designed and documented a unique 21-Step Business Succession and Exit Planning process to assist owners and their advisers in navigating this process.

Craig now acts as a strategic business and financial mentor for mid-market business owners. Craig has written four critically acclaimed books educating business owners on employee incentives, succession planning, asset protection, and exit strategies. Additionally, he has completed doctoral research on Employee Share Ownership Plans (ESOPs) for succession.

Craig is a Member of the Forbes Business Council where he leverages his extensive experience to contribute valuable insights on helping business leaders navigate the complexities of growing and exiting their businesses.

In April 2024, the Exit Planning Institute admitted Craig to the International Exit Planning Circle of Excellence.

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