First Principles of Business Law
Business organisations in Australia

4. Trusts

Question 1. Can a trust be used to run a business?

 

 

 

Read the statements below and select the best one.

(a) A person may establish a trust to provide for the administration of their estate when they die, but trusts are not used to run trading businesses.

(b) A person may establish a trust to provide for the administration of their estate when they die. A trust can also be used for other purposes, including running a trading business.

 

 

 

 

 

 

 

  
Question 1 2 3 4 5 6 7 8
Go to the list of questions in this section Go to the list of topics in this module Choose another module