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FAMILY TRUST AUSTRALIA: SHOULD YOU SET ONE UP?

Out of the different business structures, the trust structure can be the most difficult to understand. On top of that, there are different types of trust structures, with the family trust structure being the most common. In this video, we break down what a family trust is as well as its pros and cons. So if you’re not sure what the trust structure is all about and whether it’s right for you, this is the video for you! — Thank you for watching this video. I post weekly videos on this channel to provide the latest and most frequently asked business questions. Please take a second to say hi in the comments below. Also, if you enjoy my comments and find it valuable, subscribe to the channel, like and share it with anyone who you think might find my channel useful! — ► Subscribe to my channel here:    / daviemach   — Davie has over 10 years experience in advising businesses in management accounting and taxation issues. He heads up a passionate team at Box Advisory Group who are dedicated to offering proactive and outstanding service to our clients. Davie’s extensive experience in providing tax and consulting advice and astute business knowledge has paved the way for success for many businesses. He is a member of the Chartered Accountants Australian and New Zealand, a member of the Australian Tax Practitioners Board and holds a Bachelor of Commerce degree from the University of New South Wales. — Follow Me: LinkedIn:   / davie-mach   Instagram:   / boxas_syd   Facebook:   / boxadvisory   Website: https://boxas.com.au/ — DISCLAIMER: Please note that every effort has been made to ensure that the information provided in this video is accurate. You should note, however, that the information is intended as a guide only, providing an overview of general information available to contractors and small businesses. This guide is not intended to be an exhaustive source of information and should not be seen to constitute legal or tax advice. You should, where necessary, seek your own advice for any legal or tax issues raised in your business affairs. Video produced by Social Wave https://www.socialwave.com.au