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Food for thought on how to protect business assets

Paul Macaulay
Paul Macaulay

How to protect your assets and plan for your succession in business will be discussed at the next Press and Journal business briefing.

Building a successful business is undoubtedly challenging, but can be extremely rewarding.

So what do you do to ensure your assets are protected?

Joining a strong line-up of speakers already announced, Paul Macaulay, partner at Turcan Connell, will discuss the best ways to protect your business and how to plan for the future.

A graduate of Aberdeen University, Paul joined Turcan Connell in 2005 and specialises in the areas of trusts, asset protection and succession planning. He advises private clients, family businesses and landowners on a broad range of issues including capital taxation and estate planning, asset protection, trust and succession law, with a particular focus on inheritance tax and capital gains tax planning for individuals and trusts.

Mr Macaulay will join our expert panel on Tuesday and will be speaking alongside Colin Welsh, international partner at US-based SCF Partners, NovaBiotics founder and chief executive Deborah O’Neil and Graeme Sheils, a senior audit and assurance partner in the Aberdeen office of Deloitte.

James McCallum will lead the discussion at Ardoe House Hotel near Aberdeen with tales of how he launched energy services firm Senergy and turned it into a multi-million-pound company now employing more than 600 people.

In an age where entrepreneurship is booming across the north-east, the panel will look at how best to succeed in starting a business and how to help turn your ideas from concept to reality.

Speaking ahead of the breakfast, sponsored by Turcan Connell and Deloitte, Mr Macaulay said: “We are strong supporters of Scottish entrepreneurs and it’s a very exciting time to be involved with it.

“The inherent traits of Scottish character lend themselves quite well to being good business people. Some we often come across in the legal world.

“Scottish lawyers are sought after because they are very straightforward, good negotiators and generally good to deal with. That gives Scotland a particularly strong entrepreneurial society.” Mr Macaulay said the firm’s “sweet spot” is dealing with business succession and handing self-made firms down from one generation to the next.

“We are a law firm that works exclusively with individuals and families so we focus much more on the individuals than the big sort of corporate machines behind them and it’s providing advice for those clients over the long term. We are quite well placed to help people protect their money once they’ve made it. From the business side it’s the structuring side, its protecting that business and helping it grow but also making sure it can function properly and safely without any financial claims.”

Tickets can still be purchased by visiting www.pandjbreakfast.co.uk or contacting Lesley Taylor on 01224 343290, lesley.taylor@dctmedia.co.uk

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