Are you looking for a business structure that offers superior asset protection and greater privacy than a standard company? A Business Trust is a sophisticated and powerful vehicle for entrepreneurs who want to secure their commercial assets and operations.
What is a Business Trust? A Simple Guide
A Business Trust (or Trading Trust) is a legal arrangement where a ‘Founder’ creates a “legal safe box” for a business. The business and its assets are placed in this safe box and are managed by ‘Trustees’ on behalf of ‘Beneficiaries’. Unlike a family trust (for personal estate planning), a business trust is set up specifically to run a business and generate income. It can offer greater privacy and flexibility than a company structure and is registered with the Master of the High Court.
Why Choose StartupHero for This?
Drafting a Trust Deed is a specialised legal task. A poorly drafted deed can negate all the benefits of the trust structure. Our affiliated legal experts draft a robust and legally sound Business Trust Deed tailored to your specific commercial needs, ensuring maximum protection and compliance.
Key Features & Benefits
- ✅ Superior Asset Protection: Can provide enhanced protection for business assets from the creditors of the beneficiaries or trustees personally.
- ✅ Flexibility & Privacy: Offers greater flexibility in ownership structure (via beneficiaries) and more privacy than a publicly registered company.
- ✅ Business Continuity: The trust continues to exist even if trustees or beneficiaries change, ensuring perpetual succession.
Client Testimonial
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“Setting up a business trust seemed complicated, but the team explained it clearly and handled the entire registration with the Master’s Office. I feel much more secure about my assets now.”
Frequently Asked Questions (FAQs)
Q: Is a trust audited like a company?
A: The audit requirements for trusts are generally less stringent than for companies, offering more administrative simplicity.
Q: Can a trust have a business bank account?
A: Yes, once registered, a Business Trust can open its own bank account and trade just like a company.
For ultimate asset protection and structural flexibility, a Business Trust is an unparalleled choice. Let us build your fortress today.
Andre F., Stellenbosch –
Setting up a business trust seemed complicated, but the team explained it clearly and handled the entire registration with the Master’s Office. I feel much more secure about my assets now.