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Trading Trusts Explained


ISBN13: 9780409347746
Published: November 2017
Publisher: LexisNexis Australia
Country of Publication: Australia
Format: Paperback
Price: Price on Application



Trading Trusts Explained, explains the trading trust has been popular in Australia as a business structure for some decades due to perceived flexibility and tax advantages.

The process involved in creating and maintaining a trading trust can be complex, and it is important that lawyers, accountants and other professionals providing business advice are across the relevant issues. Particular difficulties arise when there are disputes between participants or when the trading entity becomes insolvent.

Trading Trusts Explained is a concise and accessible reference for busy practitioners and includes insightful commentary on the general principles and offers practical guidance.

Features:-

  • Clear and concise discussion
  • Written by an expert in the field
  • Includes deed precedents and practical checklist

Subjects:
Other Jurisdictions , Australia
Contents:
1. Introduction
2. Typical structure
3. Establishing the structure
4. Basic principles
5. Advantages and disadvantages
6. The growth of trading trusts
7. Control without ownership
8. Tax treatment
9. Existence of a trust
10. Accounting
11. Dispute
12. Mediation
13. Indemnity from trust assets
14. Indemnity from beneficiaries
15. Creditors’ right of subrogation of right of indemnity
16. Exclusion of the right of indemnity
17. Disqualification of trustees
18. Company winding up
19. Winding up a trust
20. Replacement of a trustee
21. Appointment of a receiver
22. Challenging a trustee
23. Personal liability of directors of trustee companies
24. Asset protection
25. Procedure
26. Trustee’s power of sale
27. Remuneration
28. Conclusion
APPENDIX 1 — CHART OF COMPANIES AND TRUSTS
APPENDIX 2 — EXAMPLES OF TRUST DEEDS
APPENDIX 3 — CHECKLIST