Which of the following statements about a trading trust is NOT true?
A)Business information can remain private.
B)Assets can be protected from creditors.
C)Simple and cheap to establish.
D)Control of business assets can be maintained.

Question

Quizplus · Accepted Answer

A trading trust is typically more complex to establish than a company or sole trader structure, and may involve legal advice and documentation. Therefore, it is not necessarily simple and cheap to establish.

Which of the Following Statements About a Trading Trust Is