 Re: Business structure
I really have no direct experience of trusts in a business sense, only as associations.
But as I understand business structures in general and also as tax laws pertain (because you also have to have tax office blessing), it essentially comes down to where the identity is. That is, if you set up a P/L company it is the company that is the identity for purposes of tax and registration. You can run another business under that that would be described as your company "trading as". It becomes an umbrella structure and all the accounting is done within that one structure.
If you want separate entities you have to have separately registered businesses.
You cannot work outside what the system will allow. For ex., I have 2 business names and I asked the bank if I could have them both working from the same bank account with one of them "trading as" from the other (2 separate cheque books). But no, being separate entities they have to have separate bank accounts. To do what I wanted one would have to be a company.
The short answer is as Burgo says, you need to talk to a decent accountant. Otherwise all you are doing is second guessing.
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