TRUST DEEDS & LEGAL STRUCTURES
If your Trust Deed was drawn up over 5 years ago, many of the provisions contained in the deed may have been superseded by new legislation or a change in regulations. A Variation of Trust can be drawn up to include any of the positive changes that you may benefit from in your business or private affairs.
A review of your company/trust structure will allow you to determine if you have the best structure for your needs with respect to:-
- Land Tax
- Income Tax
- Stamp Duty
- CGT
- and many other duties, taxes & obligations.
Regularly reviewing your company can alleviate bottlenecks later on.
Succession planning is necessary if you want to sell the business or transfer to another family member.
If the business is growing, you may want to think about opening more stores/outlets using a franchising vehicle.
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