Trading trusts
Subtitle: flexible business ownership
By: by Ian Masson
Publisher: Institute of Chartered Accountants of New Zealand
Published: 2001
Place of publication: Wellington, N.Z
Language: eng
Number of pages: 104
ISBN-13: 9781877181139
Subjects: Trusts and trustees; Business enterprises; Law and legislation
Description: Seeks to clarify what trading trusts are, and examine the benefits of this relatively recent alternative business structure in New Zealand. Examines all of the major issues associated with a trading trusts structure: what is a trust, and how can it be empowered to trade; creditors and liability issues; the income tax advantages; types of businesses suited to the structure; and: insolvent trading trusts.
Notes: Includes index.
Table of contents: title: Ch. 1. Introducing the trading trust; title: Ch. 2. Overview of trusts; title: Ch. 3. How does a trust become a trading trust?; title: Ch. 4. The corporate trustee; title: Ch. 5. Types of businesses suited to trading trusts; title: Ch. 6. Creditors and the trustee's right of indemnity; title: Ch. 7. Using a trading trust in conjunction with a discretionary family trust; title: Ch. 8. Trusts and tax; title: Ch. 9. Accident Compensation Insurance; title: Ch. 10. Income splitting and tax mitigation; title: Ch. 1.. Accounting and administration for a trading trust; title: Ch. 12. Banks and trading trusts; title: Ch. 1. Dealing with an insolvent trading trust.