Should I buy a Franchise in my own individual name or through a company or trust?
Answered by Robert Toth from Wisewould Mahony - Franchise Lawyers
This involves an analysis of the nature of the business you are acquiring as well as your own personal circumstances, such as whether you are single or have a partner and/or a family. Other considerations are the likelihood of you making a capital gain if you sell the business in the future.
Importantly, you should seek the advice of your solicitor and accountant before committing to purchasing a Franchise, whether in your own name or through a company or trust.
Importantly, you should seek the advice of your solicitor and accountant before committing to purchasing a Franchise, whether in your own name or through a company or trust.
About Robert Toth
Robert Toth is the Franchise Partner at Wisewould Mahony - Franchise Lawyers. Robert Toth is an Accredited Business Law Specialist, a member of the International Franchise Lawyers Association (IFLA), a member of the Australian Institute of Company Directors.
You should always check independently that an ask an expert answer published on Franchise Business applies to your particular circumstances.
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