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  • #1000428
    SMahdi
    Member
    • Total posts: 1

    Hi Team

    First of all I would like to appreciate your team who is doing a great job to help common Australian to help them for running small businesses lawfully

    I want to put up a query I already read one thread relating to my query which is very valuable for me but I want to ask it again specifically for my scenario

    I have a company ABC which is running a multiple businesses one of them is security for which I have a Corporation Master licence in NSW
    Now someone advise me to setup a trust and make this company trustee for the trust it is good to manage tax return easily

    I just want to know as my licence is in the name of my company name and ABN & ACN can I legally use my trust ABN for invoicing
    Also do I have to use the same structure for all different small businesses running under my company
    Or I can split it between trust ABN and company ABN

    looking forward to hear from you
    Thanks

    #1224299
    Dave – FS Concierge
    Moderator
    • Total posts: 2,523

    Welcome to the forums [USER=119398]@SMahdi[/USER]!

    Hopefully you can get a pointer or two here, but you’ll only really get the confidence to make a decision by paying an accountant to review your particular situation.

    Good luck!
    Dave

    #1224300
    UmarBatchelor
    Member
    • Total posts: 26

    It might be worth speaking to the license issuer.

    #1224301
    JamesMillar
    Participant
    • Total posts: 1,675
    SMahdi, post: 271187, member: 119398 wrote:
    Hi Team

    First of all I would like to appreciate your team who is doing a great job to help common Australian to help them for running small businesses lawfully

    I want to put up a query I already read one thread relating to my query which is very valuable for me but I want to ask it again specifically for my scenario

    I have a company ABC which is running a multiple businesses one of them is security for which I have a Corporation Master licence in NSW
    Now someone advise me to setup a trust and make this company trustee for the trust it is good to manage tax return easily

    I just want to know as my licence is in the name of my company name and ABN & ACN can I legally use my trust ABN for invoicing
    Also do I have to use the same structure for all different small businesses running under my company
    Or I can split it between trust ABN and company ABN

    looking forward to hear from you
    Thanks

    What did your accountant say?

    #1224302
    bb1
    Participant
    • Total posts: 4,472
    SMahdi, post: 271187, member: 119398 wrote:
    Now someone advise me to setup a trust and make this company trustee for the trust it is good to manage tax return easily

    Was that someone your accountant, if so why don’t you trust them

    If it wasnt your accountant, you should go to your accountant

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