Trust structure

A trust is the most complex business structure and can be expensive to setup and operate but may provide the most benefits.

Key features

If you are looking at starting a trust structure, consider the following key elements. Key features of a trust structure:
  • A trust is an obligation imposed on a person, the trustee, to hold property or assets (e.g. business assets) for the benefit of others (known as beneficiaries).
  • Setting up a trust requires a formal deed, as well as the completion of yearly administrative tasks.
  • If you operate as a trust, the trustee is responsible for its operation.
  • Using a trust structure for your business may have tax advantages.
  • A trustee can be a company registered with ASIC.
  • If the trust does business under a name other than its own, that name must be registered as a business name.

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I’m Sharon, a registered BAS agent with more than 20 years' experience in the industry.Get in touch to find out how I can support you and your business to stay on top of your numbers to run a successful business.
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