What business folk with trusts need to know

What business folk with trusts need to know
Victoria Young
While incoming legislation has spurred a wind-up of trusts, industry experts say business owners with trusts should have different considerations than others.The Ministry of Justice estimates there are between 300,000 and 500,000 trusts in New Zealand. However, a change to trust law coming into force from January 2021 means for many the disadvantages of having a trust under the law might outweigh the benefits.Every situation is different, but business owners and directors will have different considerations than workers, lawyers say.  Perpe...

More Law & Regulation

Foodstuffs NI warned by ComCom over supplier treatment
Retail

Foodstuffs NI warned by ComCom over supplier treatment

It obstructed a supplier request, says Grocery Commissioner.

Vector faces fresh complaint on unfair contract terms
Property

Vector faces fresh complaint on unfair contract terms

Vector faces more scrutiny over contract terms after Commerce Commission advice.