03 Apr SPI Online Blog – Individual Trustees VS Corporate Trustees.
Written by Justin Beeton – Founder and Managing Director of The SMSF Club
This article appeared on http://spionline.com.au 02/04/13.
“Many people choose to be individual trustees because the establishment and ongoing costs are less than the corporate trustee. While it appears to be a little cheaper upfront, there are additional responsibilities and ongoing liability that needs to be considered prior to deciding which option is best for you.
Do I choose Individual Trustee’s or a Corporate Trustee for my SMSF? This article compares the benefits and costs for both an individual trustee with that of a corporate trustee.
There are two alternatives with the trustee structure for a SMSF
1. Individual trustee, where each member of the fund is a trustee, or
2. A Corporate trustee, where each member of the fund is a director of the trustee company…”
Read the full article here