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From: Martin .
Looking at Trusts etc.. Is there a set method primarily for protection of I.P's when having Own Business?
Advice so far - is that Mr I.L.Sue can access a straight forward Trust by intimating to All Concerned, he Thought when he was dealing with Your Business, he was also dealing with Your Trust.
This leads to the set up whereby -
Only being a Director of the Company,
And the Company is Trustee of the Trust,
Mr I.L.Sue can no longer retain the focus on both you and the Trust at the same time.
Sound plausible?
If so then do I compromise the isolation by dealing with the Trust? i.e.; Lending money to it directly? Receiving as a Beneficiary?
This may be a cut and dried legal thing, but if any holes are there, please pick away!
And then...
In the area of the "All monies clause" that banks put on loans -
To make it so if something goes skew if, they can access all monies throughout any other loans or accounts with them -
Is the possibility of removing the clause within the realms of mortal man?
Any hint on softening the blow when mentioning to the bank that there's something that needs changing in their loan contract?
Does it's effect go across from trust to trust, or personal to trust also?
Does having a shiny new company also flush this manoeuvre down the proverbial?
ML.
Looking at Trusts etc.. Is there a set method primarily for protection of I.P's when having Own Business?
Advice so far - is that Mr I.L.Sue can access a straight forward Trust by intimating to All Concerned, he Thought when he was dealing with Your Business, he was also dealing with Your Trust.
This leads to the set up whereby -
Only being a Director of the Company,
And the Company is Trustee of the Trust,
Mr I.L.Sue can no longer retain the focus on both you and the Trust at the same time.
Sound plausible?
If so then do I compromise the isolation by dealing with the Trust? i.e.; Lending money to it directly? Receiving as a Beneficiary?
This may be a cut and dried legal thing, but if any holes are there, please pick away!
And then...
In the area of the "All monies clause" that banks put on loans -
To make it so if something goes skew if, they can access all monies throughout any other loans or accounts with them -
Is the possibility of removing the clause within the realms of mortal man?
Any hint on softening the blow when mentioning to the bank that there's something that needs changing in their loan contract?
Does it's effect go across from trust to trust, or personal to trust also?
Does having a shiny new company also flush this manoeuvre down the proverbial?
ML.
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