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A Family Investment Company (FIC) is a private company used to manage and grow family wealth. Its main advantages include:
Unlimited companies offer greater privacy because they typically do not file accounts at Companies House. Shareholders are personally liable for the company’s debts if insolvency occurs.
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A FIC is a long-term vehicle for achieving growth and passing on family wealth but change to regulations and taxation is always possible, so they must not be viewed as entirely risk free.
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