S 2023-2024 Form

Instructions and help about Pennsylvania Employees Benefit Trust Fund Employer

This is Amal. She's launching her new business, a food delivery service using drones. She's structuring her business as a company where she will own some of the shares. But before she can go any further, she needs to think about how she's going to own the shares in her company. How she owns her shares is important because it will affect how much tax she needs to pay and whether she can protect her shares if something goes wrong. Amal could own her shares in two ways. She can own them as an individual, or she can own them through a discretionary trust. We're going to look at why and how Amal might own her shares through a trust. But first, what is a trust? A trust is a legal relationship where one person or organisation, called the trustee, holds assets for the benefit of someone else. These assets might be property, income, or, in this case, shares. This means that instead of you personally owning the shares, the trustee will own them. You can set up your own separate trust to own your