The plan is to do a small development.
The structure I'm planning to use is a trust with 6 beneficieries. 3 people will qualify for the loan, 2 will contribute cash and 1 does all the work.
Do the 3 people who will service the loan have to be directors (of a corporate trustee), or trustees of the trust?
The structure I'm planning to use is a trust with 6 beneficieries. 3 people will qualify for the loan, 2 will contribute cash and 1 does all the work.
Do the 3 people who will service the loan have to be directors (of a corporate trustee), or trustees of the trust?