Tag: trusts

Business Relationship Documents

Business Relationship Documents

Starting a business is hard. Whether you are starting from scratch or acquiring an existing business, the transition to business owner is a daunting prospect. You are more likely to succeed if you combine your skills with others. Whether it’s a friend that you have shared a common dream with for many years, a colleague that …

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Basic Business Structures

Basic Business Structures

Practical advice, in plain English: that’s what I promised. I am taking on that challenge by setting out some basic business structures and explaining the differences between them – without the legal and accounting jargon that causes most people’s eyes to glaze over. Impossible you say? Well, check out the below series of 4 posts …

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What is a Trust?

What is a Trust?

A trust is an artificial legal construct that best describes a relationship between individuals. A trust relationship exists where there is a separation between legal ownership of an asset and the persons entitled to benefit from that asset (called beneficial ownership). Let me explain: If I owned a block of land, and I said to …

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