Many private sector businesses are family-owned and managed by first generation founders. As these businesses mature and grow, there is an increasing need to protect not only the core business assets, but the family’s personal assets as well. “Succession planning and wealth distribution, in what can be a highly complex family structure, is incredibly important
The Wealth Tax Commission has released a report recommending a one-off wealth tax in the UK to raise revenue and repair public finances in response to the COVID-19 pandemic. The one-off wealth tax on millionaire households is estimated to raise up to £260bn over five years, if the threshold was set at £1m per household
Home to many financial institutions, Hong Kong has long been recognised as a prime location for financial services. But amid the anti-government protests in 2019, there has been concern regarding the growth of the city’s economy, slumping Hong Kong into a long recession. While optimists believe the turbulence will subside and banks will recover, others
With the national security law China has passed in Hong Kong, banks including HSBC, Standard Chartered and Citigroup have seen a spike in inquiries from Hong Kong residents about opening offshore accounts. “It’s clear that wealthy families across the city are opening offshore accounts in an effort to protect their assets against any uncertainty. Whilst
If you are an artist, designer, photographer or other creative entrepreneur, you will have likely come into contact with intellectual property, whether you know it or not. Intellectual property refers to the creations of the mind that are protected by law, enabling you to earn recognition and benefit financially from your inventions. So, how are
Intellectual property (IP) is the lifeblood of any business. Yet, many entrepreneurs fail to protect it when starting out, only to realise their mistake when it’s too late. “For many start-ups, IP is likely to be more valuable than that of physical assets. They are created using the mind and can come in the form
It’s never too early to protect your trademark. And it should be one of the first considerations when starting your own business. It is a smart, commercially responsible thing to do and gives you peace of mind by shielding your mark from any unauthorised use. Not only do trademarks ensure that everything runs smoothly, but
As any successful entrepreneur will know, having the right tools in place during the early stages of a new venture is essential; from structuring a team to attracting investors, it takes a lot of planning before a single product or service is sold. During these early development stages, you should also take the necessary steps
Having the perfect brand name, logo, and slogan are integral to new businesses. These marks represent your brand and distinguish you from the competition. They’re also the first thing your customers see when making their purchasing decisions. However, many businesses overlook the importance of legally protecting their mark, which opens them up to unnecessary risk.
Fluid trademarks offer innovative ways for businesses to engage with their customers. And many of the world’s biggest brands have embraced this mode of marketing for decades. So, what are fluid trademarks? Even if the term isn’t familiar, you’ve probably come across fluid trademarks. As the name suggests, they are conventional marks that change over