Trusts fulfil an active role in business structures

BUSINESS STRUCTURES

Trusts can also fulfil an active role in business structures.

The advantages of a trust fund in business structures are:


effective control and management of the business;
protection of business assets or the equity of the business
preservation of control of the business;
protection of cash flow of the business;
preserving the investment of shareholders, partners etc.
reduction of tax liability
Multiple shareholders or partners Where we are dealing with multiple shareholders or partners in the business, it is best to separate the business structure from one’s personal affairs. The business affairs however integrate with the affairs of the shareholders, owners or partners in the business.

Trusts provide the perfect tool to achieve a proper link between business and private affairs, ensuring the advantages listed above, simplifying due and proper continuance of business despite death, divorce or insolvency of any of the individuals.

Sole ownership or family business

In the event of sole proprietors or family businesses, the integration between business and personal affairs increases the exposure and risk. To manage the risk trusts can be used to protect and preserve assets, property and investment. It is extremely important to realise that structures should be designed for one’s specific needs and trusts are merely tools that one can use to properly plan, manage, conserve and control your estate and business.

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