G'day,
I have a Discresonary Trust with a company trustee that was used to own my small business.
I've since sold the business and wondering what's the best use of the DT and company?
Obviously I'll be seeking specific advise, but just after a few ideas/education.
Would it still be useful to own property or shares assets, or could there be issues down the track, if for example I was liable for any issue that arose to do with the old business?
Alternatively I'm looking to start a small Handyman business, very small scale for a little extra cash. Would it be useful for ownership of this, or a bit of over kill?
Cheers,
Ben
I have a Discresonary Trust with a company trustee that was used to own my small business.
I've since sold the business and wondering what's the best use of the DT and company?
Obviously I'll be seeking specific advise, but just after a few ideas/education.
Would it still be useful to own property or shares assets, or could there be issues down the track, if for example I was liable for any issue that arose to do with the old business?
Alternatively I'm looking to start a small Handyman business, very small scale for a little extra cash. Would it be useful for ownership of this, or a bit of over kill?
Cheers,
Ben
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