Australasian Agribusiness Perspectives

Putting The Family Back Into The Family Farm – 6/4

by | Jan 9, 1998 | 1998, Volume 1

1998, Volume 1, Paper 6/4
ISSN: 2209-6612

Putting The Family Back Into The Family Farm

Paper 4 (of a series of 6 papers)

Geoff Tually – Senior Lecturer, Institute of Land and Food Resources, The University of Melbourne

Every business operates within an ownership structure, eg., single proprietorship, partnership, trust, company (joint venture, not discussed here) or some combination. Each ownership structure will suit a range of farm family situations. The ownership structure is about who owns the business and its assets.

This paper looks at the following three (3) aspects:

  • Selecting an appropriate ownership structure;
  • Changing from one ownership structure to another ownership structure;
  • Effective use of family trusts.

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