Your accountant might have suggested you establish or helped you to establish a trust to operate your business. Either way, it is important that you understand that the trust is separate from the trustee and separate from the beneficiaries.
A trust is a bit like a hidden safe. The trustee knows where it is and the combination, and what is in the safe will belong to the beneficiaries at some point, in accordance with the trust deed.
These documents are designed to help you record decisions and actions taken in relation to the trust.
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Event promoters, educators, mentors or coaches who host online or offline programs and anyone else who conducts or coordinates an activity for others to attend is holding an event. Even at the best organised events, sometimes things go wrong.
To help you avoid claims from participants for refunds, reduce the chance of people copying the event content and trying to sell it themselves, and ensure you have permission to use recordings made at the event, you should have people agree to a disclaimer before they enter.
Each disclaimer covers important issues such as event inclusions and policies, ownership of intellectual property, limitation of liability and consent.
Your customers expect you to look after their personal information and not to misuse it. If you plan on advertising online, then advertising providers like Facebook and Google expect you to have a privacy policy before you start advertising.
In Australia, if you are bigger than a small business (more than $3m turnover in a year), a health service provider (including gyms), or a business that sells contact details, then you must comply with privacy laws.
In other parts of the world, like Europe, privacy laws are more strict. These documents are designed to help you implement a privacy policy that is easy to understand, and learn how to apply it in your business.
