Bartley Partners provides advice to Adelaide companies on the creation of discretionary trusts.
A Trust is a relationship where a Trustee (in the case of a business, this should also be a company) carries on business for the benefit of other people (the Beneficiaries). The company that acts as Trustee should not be involved in any other business but solely acts as Trustee.
For example, your Corporate Trustee may carry on a business for the benefit of a particular family and distribute the yearly profit between them.
A Trust is not a separate legal entity. A Trust may be Discretionary (i.e., the trustee decides how profit will be distributed among beneficiaries), or have fixed interests (i.e., it will benefit certain people in predetermined proportions).