Everyone has, at some point in their life, heard the phrase “don’t put all your eggs in one basket.” However, as the owner, director or partner in a business you, more often than not, do have all your eggs in one basket: your business. I’m sure many business owners will agree that in today’s world one business “basket” provides enough stress to turn one into a so-called “basket case”.
Being your own boss is a dream many people have. One of the many perks of starting your own business or start-up is fulfilling said dream. Unfortunately it is a dream that comes with many responsibilities and without proper preparation entrepreneurs become trapped in “legal snares”.
A trust can be defined as an arrangement whereby property, that is real, tangible or intangible, is managed by one person/s or an organisation for the benefit of another.
Everyone has, at some point in their life, heard the phrase “don’t put all your eggs in one basket.” However, as the owner, director or partner in a business you, more often than not, do have all your eggs in one basket: your business. I’m sure many business owners will agree that in today’s world one business “basket” provides enough stress to turn one into a so-called “basket case”.
Being your own boss is a dream many people have. One of the many perks of starting your own business or start-up is fulfilling said dream. Unfortunately it is a dream that comes with many responsibilities and without proper preparation entrepreneurs become trapped in “legal snares”.
Commercial Law
A trust can be defined as an arrangement whereby property, that is real, tangible or intangible, is managed by one person/s or an organisation for the benefit of another.
