Home – New Forums Starting your journey New Business Structure & use of Trust/SMSF – Where to Start? Reply To: New Business Structure & use of Trust/SMSF – Where to Start?

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There’s a lot of information in the link you shared, Nick. Thanks.

It back’s up my understanding that I cannot, as a Trustee, create a business (other than for the sole purpose of increasing funds – which I did not know) in my name, directly. Which is why I was asking if anyone was aware of a structure that could allow it? A way around the Red Tape?

Seems a shame to have the funds there and not be able to use them! I can imagine how some people would waste those funds without the correct planning etc. but, if you could have a business plan and solid intention and a plan for returning the funds (plus profit), approved, in the same way a bank would approve a loan, it would make sense to allow them to be used (or at least a percentage allowed to be used).

Thanks for your feedback.