When you setup a self-managed superannuation fund (SMSF) and already have an established trading company, it is natural to ask if that company can be the Trustee of the new SMSF.
Whilst it’s possible for a company to act in multiple capacities, the preferred approach is that SMSF trustee company should be a “special purpose company” acting exclusively as the trustee of an SMSF.
We discuss a number of reasons why a special purpose company should act as trustee of the SMSF.
The Why a Trading Company Should Not Act as Trustee of a SMSF
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