confused84 replied to the topic Trust Drawings/Entitlements & Tax in the forum Legal & Accounting 13 years, 4 months ago
Thanks TerrywThe structure of the business (it is a farming business) is the corporate entity is obviously the trading entity operating in trust for the underlying family trust. So from my understanding the financials are essentially issued in the trust name in such instances.However, the financial statement reflects as loss in P&L & Accumulated…[Read more]