Home – New Forums Money matters How to use a Family Trust to run a business? Reply To: How to use a Family Trust to run a business?

#1007366
Adam Randall
Member
  • Total posts: 382
Up
0
::

This is how we setup ours:

1) Picked up phone
2) Asked accountant to set it up.
3) Paid about $800 for company and trust setup.

Things like that do require expertise, it sounds like you already know what you want, the technical details should probably be left up to the accountant.

There are some books on recommended setups, from memory I think holding your company within a trust was one of the safest ways to run things, but thats coming from someone who has trouble counting to 10 unless I am bare foot or wearing sandles.