Definition
Family offices are private wealth management firms or entities established by high-net-worth individuals (HNWIs) or families to manage their wealth, investments, and financial affairs. Family offices provide a range of services, including investment management, estate planning, tax optimization, philanthropy, and family governance, tailored to the unique needs and objectives of affluent families and their multigenerational wealth.
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Private Limited Company (Ltd)
A Private Limited Company (Ltd) is a type of company where the ownership is divided into shares held by a small number of shareholders. The liability of shareholders is limited to the amount unpaid on their shares, and the company’s shares cannot be traded publicly on the stock exchange.
Limited Liability Partnership (LLP)
A Limited Liability Partnership (LLP) is a business structure where partners have limited personal liability for the debts and obligations of the partnership. Each partner’s liability is limited to their investment in the LLP, and they are protected from the actions of other partners.