As Mark Twain put it “The secret of getting ahead is getting started” so if you are sure that you are cut out for the exciting, hurly-burly life of an entrepreneur, and if you have a viable business concept, you should take advice right now on how to get started.
An essential first step is to choose the correct legal entity to trade in, and in this, the last of our articles in the series “Choosing the right legal entity for your business”, we look at the pros and cons of using a business trust.
We’ll tell you what a trust is and what defines a “business trust”, we’ll list 5 advantages and 3 disadvantages of trading in such a trust, and – perhaps most importantly – we’ll discuss government’s ongoing “attack” on trusts and how it should affect your final decision.
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