What you Need to Know about Asset Financing

It is a well established fact that economies across the globe are going through some real shaky times, with a lot of people, especially the ones involved in financial planning are questioning the governments’ policies as well as strategies. In such a situation, any business owner or entrepreneur would try to protect his or her capital by taking advantage of the slightest of opportunities that these unpredictable times offer them. So, if you happen to be a business owner, then you must make sure that the tough economic times are utilized in the best possible manner to avert risk and protect your finances to the best possible extent. And when we talk about protecting a company’s capital from such situations, asset financing emerges as the best option. Even though it has been in the market for quite some time, but unfortunately, a lot of entrepreneurs have not given much consideration to it for the simple reason that their businesses were already booming and they did not have to struggle to have access to cash. And this is not merely a statement, but an actual report of the finance intelligence unit Seychelles.

However, with the onset of what some consider as the greatest recession the world has ever seen, which was made from bad to worse by mortgage meltdown and financial crisis in Europe, scores of company owners are now turning to asset finance in order to capitalize on the benefits which this type of financing offers to their business.

So what exactly is asset finance?

Although there are scores of definitions of it which can be found on the books and all over the internet, but in simple words it is basically a type of financial strategy which helps obtain or gain tangible assets for one’s company or business without being required to pay the full amount of it upfront. Many asset protection Seychelles companies are helping businesses to regain their finances by successfully applying this strategy for them. There are certain forms of asset finance through which you, as a business owner, can acquire assets which will go back to the supplier in a certain period of time after you having made full use of it. That is the reason it is also referred to as technique that kills two birds with one arrow.  The technique is also being successfully employed by cross border finance Seychelles companies, to help their clients maintain and manage their finances in tough economic situations.

This type of financial planning in Seychelles helps the company owners a great deal in disposing off the so called greatly depreciated assets without much of a problem. In fact, if used wisely, it can even allow you to upgrade at record-low prices. However, the extent to which you can benefit from this strategy would rely heavily on the requirements of your business that makes the use of this form of acquisition. But there is no denying of the fact that asset finance helps a great deal in protecting your operating or working capital by providing an alternative financing option, which virtually shields your company’s assets. In addition, it also assists in cutting down on losses in case of business failure or bankruptcy. No wonder why it is considered as amongst best asset protection Seychelles methods.

There are different types of asset finance that you can make use of, which can also be customized according to the needs and requirements of individual businesses. The varieties include hire purchase, financial lease, contract hire, lease purchase and operating purchase. To know more about these types, you can get in touch with a reputed financial intelligence unit in Seychelles. 

Important Tips for Hiring a Small Business Seychelles Lawyer

If you are planning to get into business in Seychelles, then there are two professionals which you just cannot afford to ignore. These are attorney at law Seychelles and a professional accountant. In this article, we are not going to talk much about accountants, and would rather focus on small business lawyers, which are extremely important, especially if you happen to be a new bee in the field of business. The reason for hiring availing the services of an accountant is pretty obvious. You would want somebody who can set up your chart of accounts, take care of your finances and handle all the tax related stuff, which usually confuses and frustrates a lot of business owners. However, the reasons for hiring a lawyer, unfortunately, are not that obvious. A professional and experienced lawyer can obviously help you a great deal in providing vital assistance in a variety of aspects of your stream of business. It could be related to basic zoning compliance, copyright issues, trademark related stuff or agreements or deals with other businesses.  

Now there are different types of law firms operating in Seychelles, but they usually can be segregated into two major categories- small and big Seychelles legal services. Now the real question you should ask yourself, as a business owner is exactly which firm’s services should you avail. Both have their pros and cons. Larger firms, obviously, have greater overheads. Therefore, you must be prepared to shell out huge amounts of money, should you hire them. However, there are a few benefits of hiring larger firms, when compared to the smaller ones. In the past couple of decades, Seychelles lawyers have become incredibly specialized. By availing the services of a smaller, you might not be able to get the same level of services which are offered by the lawyers working for large professional law firms. But if you have limited resources, then hiring a small firm would not prove to be a bad idea either.

Now, let’s take a look at some of the tips that you must follow while hiring attorney at Law Seychelles:

What is the level of experience of the lawyer under consideration:

While interviewing lawyers, this is one of the most important factors that you must take into consideration. You would obviously want a lawyer who has dealt with corporations or businesses like yours in the past. So do not hesitate to pop up this question while interviewing. 

How well is he/she connected: 

An attorney is actually a one stop solution for a variety of problems and issues related to businesses. A good Seychelles lawyer can diagnose your problems and offer a quick solution to it. And if that’s not possible, then he or she would have connections with local specialists to help you solve the problem in quick time. So, make sure that your lawyer is well connected. Otherwise, you would end up scrounging for new lawyer every time a problem arises, a situation you obviously would not want to get into. 

Do they have clients from your industry:

It is extremely important that the lawyer you hire is well aware of the industry you are operating in along with its legal environment. If your lawyer is not acquainted with ins and outs of your industry, then he or she would prove to be of little help. However, you also need to be wary of the lawyers who represent more than one firms, which might also be your competitors.

Is he/she going to be flexible with billing:

As there is a severe lawyer crunch in different parts of the world, lawyers are finding themselves in a position where they can negotiate their fees as never before. So, try to find one who is flexible enough to make adjustments in fees according to the situation and case.