mattfrommalvern replied to the topic Discretionary trust in the forum Legal & Accounting 14 years, 7 months ago
thanks i will do some more investigating
mattfrommalvern replied to the topic Discretionary trust in the forum Legal & Accounting 14 years, 7 months ago
Not sure exactly what you mean by equity – are you asking if the people who loaned money take a percentage of the business instead of getting their money back? YESThe idea behind it is to clean up the balance sheet and convert that $$ owed, into some sort of interest/equity in the trust and get the liability off the BS. We plan to offset the…[Read more]