Do You Need a Family Office Hello, this is Hall T. Martin with the Startup Funding Espresso — your daily shot of startup funding and investing. Before setting up a family office, first consider if you need one. Here are some key considerations to review: Do you have the income to support a family office? Aside from a high net worth on paper you’ll also need to fund the operations which require cash flow. Consider the ongoing cash flow required to support a team. There are virtual family offices which can provide the accounting and finance support without the cost of hiring full-time salaried professionals. Avoid setting up a family office that requires outsized returns to succeed as this won’t be sustainable. Do you have a complex set of assets and investments? If so, you may need a family office structure to manage it. If not, you can find a lower-cost solution through a financial advisor. Do you have successors who can carry on the family office? Without successors it can be difficult to maintain a family business over the long haul. Is your estate in a high tax bracket? A family office can reduce taxes through active management.  Consider these points to see if you need to set up a family office.   Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding. Let’s go startup something today. _______________________________________________________ For more episodes from Investor Connect, please visit the site at:   Check out our other podcasts here:   For Investors check out:   For Startups check out:   For eGuides check out:   For upcoming Events, check out    For Feedback please contact info@tencapital.group    Please , share, and leave a review. Music courtesy of .

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Hall T Martin is the director of Investor Connect, which is a 501(c)(3) nonprofit dedicated to the education of investors for early-stage funding. All opinions expressed by Hall and podcast guests are solely their own opinions and do not reflect the opinion of Investor Connect. This podcast is for informational purposes only and should not be relied upon for the basis of investment decisions.