Hello, My partner and I are looking to buy a retail business. Our accountant has recommended that we set up a Trust with a company as beneficiary, instead of just a company. He explained the difference but it all went over my head. What is the advantage of a Trust/company over just a company when running a business? I know it has something to do with capital gains tax when we sell the business, but are there any other advantages in the mean-time, such as income tax savings? Thank you for your help!