TRUST WITH CORPORATE TRUSTEE
Jack started a business
Pty Ltd company or a Family Trust
Before purchasing a truck, Jack secured a contract with a local contracting transport company specialising in tipper trucks who only deal with sub-contractors operating through either a Pty Ltd company or a family trust
We supplied the new structure
After consultation Jack chose a family trust structure with a corporate trustee.
We supplied the new structure within 24 hours with all necessary ATO registrations and is now a self-employed owner driver operating through a family trust.
The Family Trust Structure
The family trust structure with corporate trustee met the requirements of the contracting transport company and met the personal tax needs for Jack and his family.