Family Trust vs. Company: Best Business Structure Australia
ฝัง
- เผยแพร่เมื่อ 10 ก.ค. 2024
- If you are looking to structure your business in Australia, you will need to decide what type of structure you use. In this video, I go through Family Trusts and Companies.
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⌚️Timestamps
0:00 Family Trusts vs. Companies
4:58 Trusts
7:04 Companies
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Ethan 'Rooshock' (Rucioch) is an Australian business owner in his late 20's. He is the owner and director of Rooshock Accounting, an accounting firm. He is also the creator of an NFT project, Rooshocks. In his spare time, he enjoys travelling, spending time with his family and watching countless hours of sport. On this channel you will find a range of different content, including personal finance, business advice, tax tips, crypto tax tips, NFT discussions and even Ethan analysing some popular TV show businesses from an accountant’s perspective.
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Disclaimer
Every effort has been made to ensure that the information in this video is accurate. The information in this video and on this TH-cam channel is for entertainment and general information purposes only. It should not be taken as constituting professional advice. You should not rely on it as financial, legal or tax advice. There are always risks in any financial decision and all decisions should be made on an individual basis. You should conduct your own research and seek independent professional advice where needed. Some of the links in this video or video description may be affiliate links. Ethan Rucioch, Rooshock Enterprises Pty Ltd, Rooshocks NFT Pty Ltd or any other related party may receive a commission through these.
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#familytrust #company #taxstructure
Need help with structuring your business or investments, my business Rooshock Accounting would be happy to help!
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Really easy to understand, thank you! Food for thought!
No worries!
What about how you always see the accounts setting up a company and a trust at the same time when starting/buying a new business ?
Like you “run the business out of the trust” as in trust owns assets etc.
But then the trust is owned (trustee?) by a company ? Corporate trustee ? For assets protection ? Please explain these
I can cover that at some stage!
Regarding PSI. Is it correct that if your sales are PSI but as soon as you have many customers with no customer having more than 80% of sales you are now not a PSI company?
There is an 80% rule. If you get past this, you could be classified as a PSB instead of PSI