A Corporate Trustee means that rather than a person being a trustee, a company is a trustee. Being a member means that you also have to be a director of the company which administers the fund.
Generally, your employees cannot also be members, unless you’re related. Assets of the fund must be registered in the name of the company that is the trustee.
You may opt for this type of structure if:
Want to be the sole director and sole member of the fund
If you are seeking reduced liability
If you want to change members within your fund
Lawpath can help you register your Corporate Trustee. To begin, descriptions of all our company packages and what is included in each can be found here.
For more information on Corporate Trustees and how to get started, please view our blog article titled https://lawpath.com.au/blog/need-know-corporate-trustee-structure
How to add Corporate Trustee to my company application
On the Lawpath Company application form, you will have the option to choose 'Person' or 'Company' as the shareholder.
For Corporate Trustees, choose 'Company' and add in the relevant details of the company within the form.
For ongoing Legal and Accounting Support for your new company, check out our Advice Plan options for unlimited lawyer/accountant consultations, Lawyer LiveChat and Lawpath AI to take a proactive approach to your Legal and Accounting setup!