Partnerships of Trusts—The Practical Issues
Published on 28 Oct 2008
| Took place at Kooyong Tennis Club
This event was repeated in NSW on 9 December 2008 at Swissotel.
Partnerships of trusts have become a common feature of modern SME structuring. In many respects they are a natural extension of traditional partnerships, but provide the additional benefits of greater flexibility in distributions plus the protection of the corporate veil. However they can also involve administrative complexity and hidden traps. These can affect not only day-to-day operational matters such as ABN and TFN registrations, but can also impact on recognition by statutory bodies and professional associations. Advisors dealing with these structures must have a clear understanding of their legal nature and operational peculiarities.
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