Uncategorized
23
Feb
Operating a business as a sole-director company
You may consider a sole-director proprietary company structure when starting or growing your business. A company is a separate legal entity, unlike a sole trader or a partnership structure. This means the company has the same rights as a natural person and can incur debt, sue and be sued. The company’s owners (the shareholders) can limit their personal liability and
22
Feb
Operating a business as a discretionary family trust
Many clients find it difficult to understand the concept of a discretionary family trust and the relationship with the trustee of that trust, especially when the trustee can be a company for asset protection reasons. In Australia, a discretionary family trust is a common structure to run a business out of because it offers many taxation advantages, for example: the