Home – New Forums Money matters Trust, Company or Both? Reply To: Trust, Company or Both?

#1222212
Paul – FS Concierge
Keymaster
  • Total posts: 3,488
Up
0
::

Hi And Welcome to Flying Solo [USER=116986]@Dashboard[/USER] . It is great to have you!

Thank you for joining our community and posting.

As you say, discussion, not advice so here goes. A company/trust structure will provide more protection if you get sued but you still will not be risk free. It will cost more annually. A major tax benefit of a company is that you can retain earnings in the company if you have a huge year, paying the corporate rate and disburse those earnings in slow years.

A trust is simpler, less costly, offers less protection and there are less complicated accounting rules to follow. [Edit to remove ambiguous comment]

Cheers