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Hi Ben – no problem for the pointers.
Keep in mind that whilst the points above indicate some of the advantages of a company structure, a trust structure has its own strengths. For example a company generally doesn’t contend with the small business capital gains tax concessions as effectively as a discretionary trust. If you haven’t already, I recommend you consider having this professionally evaluated relative to your specific circumstances.
In answer to your question – there is no compulsion to pay salary. However if you don’t you may need to pay company tax and manage any related party loan account carefully (the debit loan being caused by drawings throughout the year). Again this requires a planned strategy to stay compliant.
James
