Traditional advice for an entrepreneur is to diversify their investments. This advice does not apply to the actual entrepreneur. A self-employed business person already has all of their eggs in one basket and is the opposite of diversified. A self-employed business person spends all of their time building a business and when it takes off, spends all their time maintaining it. It does not do to worry about being diversified as long as the businessperson is focused on growing the business and ROI.
Download our eBook “Moving To The US”
This document is intended as an information source only. The comments and references to legislation and other sources in this publication do not constitute legal advice and should not be relied upon as such. You should seek advice from a professional adviser regarding the application of any of the comments in this document to your fact scenario. Information in this publication does not take into account any person’s personal objectives, needs or financial situations. Accordingly, you should consider the appropriateness of any information, having regard to your own objectives, financial situation and needs and seek professional advice before acting on it. CST Tax Advisors exclude all liability (including liability for negligence) in relation to your reliance in this publication.