The Cost of Establishing a Substantial Small Business (buying one; or setting one up)

Whether you intend to buy a small business, or to set one up from scratch, there are many costs which are often overlooked by owners and which, if not incurred, could cause them to suffer financial pain later on. Not doing things properly and spending the required amounts, adds to the probability that your business …

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FAMILY BUSINESS TRUSTS AND NOMINATING A CHILD AS BENEFICIARY OF A CERTAIN ASSET

There are many cases where small-to-medium-sized businesses are conducted via a discretionary trust set up by Mum and Dad. There is a family company trustee of the trust. The business assets of the Trust often represent distinct businesses in themselves, for example, retail stores or restaurants, or properties. Often times, as part of their succession …

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