TRUST WITH CORPORATE TRUSTEE

CASE STUDY

CORPORATE TRUSTEE

Jack is married with no dependent children, and at age 60, Jack is made redundant from his job …..

Jack started a business

Jack applied for a number of positions but found his age working against him and decided to buy a tipper truck and become an owner driver.

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.

Trust with Individual Trustee Case Study

by David Maynard | October 31, 2018 | Business Structures, Case Studies, Trust, Trustee | 0 Comments

TRUST WITH INDIVIDUAL TRUSTEE CASE STUDY INDIVIDUAL TRUSTEE After receiving his trade certificate and gaining some valuable experience as a sub-contractor, Les decided to start his own plumbing business ..... Les is a plumber Les seeks...

Business Partners Non Related Parties Case Study

by David Maynard | November 1, 2018 | Business Structures, Case Studies, Corporate, Trust, Trustee | 0 Comments

BUSINESS PARTNERS CASE STUDY THE PARTNERS ARE NON RELATED PARTIESJoe and Adam are plumbers who have both worked together on various construction sites....Long Term Friendship Joe and Adam have been building a great long term friendship over the years and decide to...

Starting A Business? Do I Need A Plan?

by David Maynard | November 17, 2021 | Starting a Business | 0 Comments

When planning to start a business, there are many things to consider: some financial, some conceptual, and others just plain practical. In the 80's and 90's we could count on a certain percentage of clients working as employees, transitioning to some form of business....

How to register a business or trading name

by David Maynard | November 19, 2018 | Starting a Business | 0 Comments

If you're wondering how to register a business or trading name, this may help you in the right direction. Australia's national business names register is managed and maintained by Australian Securities Investment Commission (ASIC). For the uninitiated, negotiating...

25% Tax Rate FY 2022 – More Reasons To Set Up A Pty Ltd Company

by David Maynard | July 1, 2021 | ATO, Australian Business Number, Australian Business Register, Australian Securities Investment Commission, Business Structures, Corporate, Starting a Business, Tax Savings | 0 Comments

From 1 July 2021, the new company tax rate in Australia is 25%. If you intend to start a business, a company may be the best business structure to start with. For some business start-ups, liability protection is important. However, the new company tax rate of 25% is a...

What Registrations Do I Need to Start a Business

by David Maynard | January 28, 2019 | Starting a Business | 0 Comments

What Registrations Do I Need to Start a Business When starting a business there are some miss-conceptions about what registrations are required to start a business. Whilst there are some specific registration and or accreditation requirements, for example; builder...

Trust with Corporate Trustee Case Study