Finding the right structure - trusts
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  Running Time: 8:16 Date: 01/05/2014 Which is the better structure for your client - a discretionary trust or a unit trust? Getting your clients’ business structures right can help solve a lot of the other problems they’re likely to encounter – from dealings with their bank and the Tax Office to how they distribute profits, especially if a family business is involved. Tax expert Michael Jones, of Cummings Flavel McCormack, argues that the best way forward is for your clients to set out their objectives – even though they may well compete with each other – and then apply some basic principles of business. This month, Michael considers a favourite business structure for many – trusts. Topics: Accounting & Tax, Family Business, Financial Management, Legal |
 Michael Jones, Cummings Flavel McCormack |