quiz 3

Technology licensing

Office rent

Staff compensation and benefits

Legal fees

VAT recovery is reduced

It may constitute a tainted settlement

The trust loses protected status

The trust becomes liable for FCA regulation

Automating real estate management

Data aggregation and reporting

Social media presence

Creating NFT-based portfolios

Political instability

Cybersecurity

Legal liability from foundations

Exchange rate fluctuations

Family equity injections

Rental income

Fees from third parties

Public offerings

Limit digitization to protect privacy

Hire talent with data analytics expertise

Avoid using cloud-based systems

Focus exclusively on external advisors

Avoid documenting internal transactions

Outsource all accounting functions

Conduct audit readiness assessments periodically

Delegate audit responsibility to legal counsel

To qualify for charitable status

To avoid all taxation

To allow member remuneration without employer’s NICs

To limit the need for governance

Reliance on passive ETFs

Outsourcing accounting

Layered fund-of-funds structures

Cybersecurity tools