Family Investment Companies
A family investment company (FIC) is a business structure that has family members as shareholders. FICs are usually private limited companies and can be used as a tax-efficient method to pass on family wealth from one member to another by transferring significant sums of cash or other investments into the company.
FICs are ideal for business owners and families looking to invest their wealth and grow their assets. Investing via an FIC can also achieve income tax and capital gains tax savings in the medium to long term, and can be an effective method for mitigating against Inheritance Tax.
Award-winning team
Our team is recognised in Chambers & Partners and the Legal 500. We have won industry awards, including Team of the Year at the Manchester Legal Awards.
Diverse clients
We have assisted with a range of complex requirements for a variety of high-net-worth clients, including families, business owners, entrepreneurs, sports professionals, and entertainers.
Cutting-Edge
Our team is made up of young, dynamic solicitors who understand the environments you operate in and the need for bespoke succession planning.
Our highly specialised team of solicitors can help you to use an FIC as part of your wealth protection strategy. Contact us today by calling 0345 872 6666, or fill out our online enquiry form and we will be in touch at a time convenient for you.
Established Trust and Estate Solicitors
When you contact us, our team will assess your situation and explain to you the best course of action to achieve your desired outcome. The succession planning solicitors at JMW have knowledge of the benefits and drawbacks of FICs and will discuss these with you in detail without inhibition or legal jargon to ensure you receive the very best advice for your specific circumstances.
We regularly consult with accountants, investment managers and financial advisers to bring you up-to-date and informed advice. We operate on a collaborative basis and deliver a holistic approach to advising our clients, taking advantage of our vast experience with estate planning law and up-to-date financial information.
Several of our lawyers are members of the highly-respected Society of Trust and Estate Practitioners (STEP).
Benefits of an FIC
The benefits of an FIC include:
- Tax-efficient accumulation of profits over the medium to long term
- Control over investment decisions and extraction of profit
- Wealth preservation for future generations
- Inheritance Tax mitigation
Talk to Us
To discuss setting up an FIC, speak to our experienced team at JMW. Call us on 0345 872 6666 or fill in our online enquiry form to request a call back.
