If you would like for the trust to operate under a different name than what’s on the trust deed, you can register a business name to the trust. The name can be used to refer to the Trust.
A trust is a structure where a trustee carries out the business on behalf of the trust’s members (or beneficiaries).
In Australia, a discretionary trust is a common structure to run a business because it offers many taxation advantages such as the flexibility to distribute profit to different beneficiaries (including streaming of dividends to a particular individual(s)), the ability to access significant capital gains tax concessions and stream those capital gains to a particular beneficiary.
A trustee is responsible for everything in the trust, including income and losses. A trustee may be an individual or a company. The trustee is legally liable for the debts of the trust and may use its assets to meet those debts.
Just $149 (incl GST).
There is a little bit to forming a trust, so make sure you seek professional advice first on whether one is right for you.
Complete the online application form.
Forms sent straight into your inbox.
It generally takes no longer than 20 minutes to complete the online application.
Once completed, the forms are emailed to you instantly.
Make sure you have this with you:
A name for Trust
Trustee Details (Company or Individual)
Settlor Details
Beneficiary Details
Appointor Details
Register your own website domain in minutes!
Get your own business website domain for your online success.
Create your SUMB login and get started with your business!
We’ll take care of everything you need to set up your Website Domain Registration.
Disclaimer: Set Up My Business (SUMB Australia Pty Ltd) is a privately owned company and is not affiliated with, endorsed by, or a representative of the Australian Government, the Australian Taxation Office (ATO), or ASIC. SUMB is a registered ATO Digital Service Provider (DSP) and ASIC Digital Service Provider (DSP Agent No. 45652), as well as a registered Tax Agent (No. 26053726). Our services assist individuals and businesses in completing registrations through the relevant government bodies.
