Family business trust & foundation in Kota Kinabalu
You built the shop. Decide now who will own it, who will run it, and how the family shares it.
What it is
A trust or foundation can hold the shares of a family business. The business is then looked after under rules you set, and is not split up by accident.
Who it is for
Family business owners thinking about who takes over. Also families where some children join the business and some do not.
What you get
A structure that holds the business for the next generation, chosen after a talk about your family and your business.
General information, not legal advice.
Three quick questions
Why plan the future of a family business?
Without a plan, the business can be split between children who want different things. One wants to sell, one wants to run it. A plan sets out who owns and who runs it.
Trust or foundation, what is the difference?
Both can hold assets such as business shares for your family. They are set up differently. A planner can explain which one may suit you.
Can I still run the business?
That depends on how the plan is written. Many owners want to keep a role. Tell the planner what you want to keep and what you want to hand over.
Your next step: one WhatsApp message.
Ask the fee and the steps first. No need to commit anything.