Trading Trusts

The Trading Trust is an opportunity within estate planning that is relatively unknown in New Zealand. Elsewhere in the world, including Australia, Trading Trusts are used extensively. As more and more business people become aware of the potential advantages, Trading Trusts are becoming more prevalent on the New Zealand scene.

It is likely that, due to perceived complexity, many commentators and advisers have shied away from the Trading Trust. Despite this, consideration of using a Trading Trust for your new business venture should not be overlooked.

The Trading Trust offers the following benefits:

1) complete flexibility in the distribution of profit
2) a high degree of confidentiality
3) complete flexibility in regards to the beneficial ownership of your business, while at the same time allowing you to maintain full control at all times.
4) limitation of liability
5) income tax mitigation by easily channelling pretax income to family members of lower marginal income-tax rates
6) mitigation of the ACC, FBT and PAYE
7) integration into your overall Estate and Asset Protection Plan

Company Net has developed its own Trading Trust package designed to make the operation of your Trading Trust as straightforward as possible.

Your investment of $1,349 includes all the user-friendly features of our Family Trust package such as:
·New Wills (if required)
·Power Of Attorney Documents (if required)
·Deeds Of Acknowledgment of Debt
·Deeds Of Forgiveness of Debt
·Memorandum of Wishes Template (hard copy & on disk)
·Trading Trust Deed
·Opening Minutes
·Future Minutes Template (hard copy & on disk)
·New Zealand Master Trusts Guide (by John Brown)
·The Plain English Guide to Family Trusts in NZ (by Sue & Kurt Girdler)
·Both these books have a combined value of $89.90
·A corporate trustee

For a Trading Trust order form, please phone us on 080938801 or go to the contact us page and send us an e-mail with the Trading Trust order form in the subject line.

IMPORTANT DISCLAIMER: This document only provides a summary of the law surrounding Trusts in New Zealand. It is not intended to be comprehensive or to provide legal or accounting advice. Do not act in reliance on any statement without first obtaining specific professional advice. The publisher, authors, editors, and consultants expressly disclaim liability and responsibility to any reader or purchaser of this publication for the results of any actions taken on the basis of the information contained herein.