Sasha and Emi are two friends who met when they worked together as chefs at a famous restaurant in New York, but both have now moved to Adelaide. They have decided to set up their own restaurant which will ‘fuse’ the best of the cuisines of Japan (where Emi was born) and Australia (where Sasha comes from. Each of them has come from New York with $100 000, which they want to invest in the new business. They decide to issue 10000 $10 shares to each of them, reflecting the capital they have equally contributed. Emi’s situation is quite straightforward. She is single with no family in Australia. She intends to simply own her shareholding in her own name. Sasha, on the other hand, has a partner, who is a doctor, and two young children. Before her spell in New York, Sasha and her partner established a Family Trust, and Sasha wants her interest in the new company Sashemi Pty Ltd, to be held through the family trust. Advise Sasha whether, and if so how, her interest in the restaurant company can be held through the family trust
Sasha and Emi are two friends who met when they worked together as chefs at a famous restaurant in New York, but both have now moved to Adelaide. They have decided to set up their own restaurant which will ‘fuse’ the best of the cuisines of Japan (where Emi was born) and Australia (where Sasha comes from. Each of them has come from New York with $100 000, which they want to invest in the new business.
They decide to issue 10000 $10 shares to each of them, reflecting the capital they have equally contributed.
Emi’s situation is quite straightforward. She is single with no family in Australia. She intends to simply own her shareholding in her own name.
Sasha, on the other hand, has a partner, who is a doctor, and two young children. Before her spell in New York, Sasha and her partner established a Family Trust, and Sasha wants her interest in the new company Sashemi Pty Ltd, to be held through the family trust.
Advise Sasha whether, and if so how, her interest in the restaurant company can be held through the family trust.
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