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#1
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Heya.
Sometimes when I do a whois search on a domain I get these type of registrants coming up. Seems to be at least half a dozen regulars. One that comes to mind is the ---- trust. Am not too familiar with co. formation at the moment, but why a trust (other than flexible income distribution)? Anybody know of sample trust docs? Are there trust structures that are optimised for domainers/webdev sorts? Last edited by Rhythm; 28-02-11 at 10:56 PM.. |
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#2
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Hi,
My understanding... With a company in Australia directors can be held personally liable if a company owes. If you have a trust, or a trust formation of a company you (as a director) will not be held liable. Trusts also have different tax structures. Your accountant will be able to give you a more detailed explanation. |
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#3
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Thanks Shaun.
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#4
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As far as I knew a limited liability company was responsible for its own debts (it's own legal entity)?
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