I am 38 years old and the father of two young loving daughters. Apart from the regular investments, I also invest in unlisted equities and startup seed funding. To date, I have made these investments in my name. Off lately I had a thought to set up an LLP with my wife and do these investments (unlisted equities and startup seed funding) through this LLP entity instead of an individual name. A few of the raw benefits that I can see of channelizing them through LLP are, 1. Easy management of these assets (since the returns are received after a longer tenure) 2. Easy transfer to kids 3. Arm length distance from these investments 4. In case any unforeseen event happens to me, the family knows the holding entity and it will be easy to get control. (That's why I mentioned the father of two daughters in the beginning) These thoughts might be incorrect or incomplete as well.
From the vast experience of esteemed members of this group, I would like to understand if I should continue making investments through a personal route or should I create an LLP or should I opt for any other mode?
10 January 2024
Investment don't make it in LLP name. Make investment in your name and in your wife's name and disclose the investment to your wife. You can start your business through LLP.
CAclubindia
