Cruising666 replied to the topic Business Structure in Trust in the forum Legal & Accounting 15 years, 7 months ago
How would the Discretionary Trust delineate the 80/20 split ? With the DT, wouldn't the beneficiaries have to be family members only?Thanks for your help Terry.
Cruising666 replied to the topic Business Structure in Trust in the forum Legal & Accounting 15 years, 7 months ago
Another question, how do you transfer an existing business into a Trust? A simple business Contract?
Cruising666 replied to the topic Business Structure in Trust in the forum Legal & Accounting 15 years, 7 months ago
Thanks for your assistance!Do you think it is worthwhile to have the service trust at all? Maybe I can just have a Unit Trust and then the unit holders are beneficiaries as a discretionary trust.I own 80 % of the business assets and my business partner owns 20%.