Simple Business Trust is a simple trust designed for business partners, of which the following examples are available:
Advantages of Simple Business Trust
For a newly acquainted buyer and seller, a trust can reduce the initial transaction risk at a lower transaction cost.
To mitigate shareholders’ personal exposure to unexpected risks that may hinder the company’s operations, a trust is used to establish shareholdings and protect the company’s assets to ensure that the business is not affected and the operations are sustainable.
In the recruitment of a professional consultant or major construction tender, a business trust can ensure that both parties to a contract can be assisted, in specified circumstances, to complete the consultancy and works contract on schedule and to the satisfaction of both parties.
In order to ensure that shares and operations are not directly tied to a single individual, and to influence management and share control, many people also use business trusts to hold shares of a company.
If you are interested, please contact us for more information.
