Tag Archive: trustee;

Risky business: companies and trusts

Max Newnham - 5 May 2015

There are many risks associated with running a small business, but the financial impact of some of these can be reduced by taking out insurance. There are other risks that can result in the personal assets of the business owners being attacked in the event of a business failing or as a result of legal action. A business owner or…

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Changing Trustees of an SMSF

Max Newnham - 8 Apr 2015

Trustees of SMSFs that were set up more than 10 years ago, that are now well into their 70’s, are realising that when one of them dies a bureaucratic and administration nightmare will be created for the surviving member. Under the SMSF rules there must always be two individuals appointed to act as trustees for an SMSF. There is the…

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