There are multiple entities in different forms, with different ownership structures that have been created within each family group. Families may have affiliated Trusts, both Revocable and Irrevocable for liability and asset protection, or to assist with estate planning. To protect assets, single-purpose holding companies may have been created. Investment holding entities with multiple investors, foundations, or even an overall family office business entity are also frequently under the control or influence of a family.

Accurate oversight and management of many entities, each with their own special requirements, governance, or formation restrictions, is important to ensure that the family’s plans are appropriately enacted, to ensure adherence to formation documents, and that timely information is provided to tax and legal compliance specialists.

Our Entity and Partnership Accounting solutions expand beyond the personal to help you to understand your family’s overall financial picture, reported in a clear, concise manner.