Most people tend to follow a pattern in life. They go to school, obtain qualifications, get a job, pay taxes, and eventually settle down with a family. During this time, many make investments and even start a business to increase their wealth and assets. You can either own those wealth and assets in your name or set an alternative structure, like a family trust to hold them. Doing so, could…  Read more

When choosing the best way to structure your business, several options are available to you – a sole trader, partnership, company, or trust.  Importantly, there are legal and taxation requirements to consider. In particular, running your business through a trust can be advantageous fortaxation purposes and asset protection. This article explores the key aspects of two types of trust you could use to run your business: 1. unit trust; and…  Read more