Register Trust

trust

Number of Business Owners: 1-2+

Advantages:

  • Increased personal asset protection
  • Limited liability
  • Taxation & flexibility of distribution of income (dependent on current tax laws)
  • Privacy -unlike a company structure whose name, directors/shareholders and ACN are on the public record

Disadvantages:

  • More complex structure with higher establishment and ongoing administrative costs, eg trust tax returns
  • Only lasts a maximum of 80 years, then must be wound up and assets distributed. This can have tax consequences
  • Some banks are less flexible with services & finance for trusts

Quick tip! The information on this page isn’t exhaustive and we can’t advise you about the best business structure for your needs. Best chat to your business adviser, lawyer or accountant. If you need a recommendation, we can give you one.

Starting up a business using a trust structure? Discretionary trusts (often called “family trusts”) and unit trusts are widely-used business and investment structures.

Startup World can supply the necessary trust documents and manage all of the other paperwork & registrations needed to get your trust’s business up and running fast. As registered agents of the NSW OSR and VIC SRO, we can stamp your trusts saving you time and hassle. 

For more information, click on the links below:

Trust Documents – includes all necessary legal documentation for a valid Australian discretionary or unit trust

$280.50 (incl GST) - Standard Trust Package (Delivered electronically)

$342.50 (incl GST) - Standard Trust Package + printing, binding and delivery

$77 (incl GST) Stamping service fee + Relevant Stamp Duty Fee (NSW OSR $500 + $10 for each duplicate or VIC SRO $200 flat fee)

Company Incorporation – if you want a corporate trustee to manage your trust, we can set this up for you. See here for more information about the advantages of using a corporate trustee over individual trustees.

$633 (incl GST+ ASIC fee of $479) - Standard Package (Delivered electronically)

$699 (incl GST + ASIC fee of $479) - Standard Package + hardcopy printing, binding and delivery 

It takes about 10 minutes to submit the necessary information to kick-start your applications. What are you waiting for?

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Dont forget, we can get all of your other business registrations sorted at the same time:

Australian Business Number (ABN) for your trust. This will be separate from the ABN of your corporate trustee, if any

GST Registration – if the expected annual turnover of the business is $75,000 or more

PAYG Withholding – if the trust will be employing people to work in the business

Tax File Number (TFN) for the trust. This will be separate from your personal TFN or the TFN of your corporate trustee, if any

Business Name Registration – if the trust will trade under anything other than its own name

Registered ASIC Agent No. 34174

Registered ASIC Agent State Revenue Office Victoria

Registered Agent SRO Victoria

NSW OSR logo 202

Registered Agent OSR NSW

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