October 20, 2020 from 12:00 to 2:30 p.m.
Family Office Summit: Structuring a New Family Office in the US and Challenges in Advising Existing Multinational Families
- Anastasia Tonello, Laura Devine Immigration
- Todd Angkatavanich, EY
- Patricia Angus, Angus Advisory Group, LLC
- Rick Fogg, Lineage Family Office
- Bill Kambas, Withers Bergman
- Greg Rogers, Raylign
- Harry Singh, Rockefeller & Co.
- Carly Doshi, HSBC [Moderator]
Governance and planning
- Pre-Immigration Tax planning for the individual considering changing residency to the USA.
- Immigration advice, for the visa required for such individuals to come to the USA.
- Corporate Governance for the Family Office in line with regulatory and standards in the US (adapt the current processes and harmonize those with US standards).
- Family Governance
- Weighing the pros and cons of setting up a SFO versus joining a MFO
- Coordination among advisors, benefits of an interdisciplinary approach
Structuring a Family Office
- Regulatory review and advice; determine if the US Family office would be subject to what regulation and if exemptions would be available both at federal level (SEC) and State levels.
- General Tax planning at both individual and corporate level (is it better to be a Corporation or an LLC?), including the analysis and comparison about establishing the Family Office in different States.
- International Tax considerations; establishing the nexus, treaty benefits available and reviewing the income flow within the US Family Office and the rest of the Group.
- Employment issues and documentation to formalize the relationship with the Family Office
- Investment best practices, shifts and trends