Hi, Trying to decide on a business structure for our import/e-commerce business idea, selling clothing... With my fiance we were looking into establishing a family partnership before we get married in August 2012. We have no children and are in our early 30s...Have been reading but got confused with the differences between family partnership and discretionary trusts. Appreciate your views to a few questions...In our case, we have no problems in terms of trusting each other, we will manage things together, we are basically after tax benefits, we will keep our days jobs as well, we dont have assets and not much capital to invest. 1-) Can you establish a family partnership or discretionary trust, or either, before getting married? She will take my surname when we get married, so not sure of the implications... 2-) Cant you put all the profits in low-income earners tax return with a family partnership? She is a low income earner and as you know, first $16k is free, so it will make more sense to report the profits on her tax return. Do you have to have a discretionary trust for this? Can't you flexibly manage the income allocation with a family partnership as well? 3-) Are there any other benefits to establishing a discretionary trust. Legal liability or being sued are most likely not gonna be a problem in our case. 4-) Would a discretionary trust be better suited for an importing/e-commerce business, and why? 5-) How do discretionary trusts compare to family partnerships? What are key advantages of a discretionary trust that a family partnership does not have...Why not all family partnerships establish as discretionary trusts - lack of knowledge? 6-) I have seen Discretionary Family Trusts, Discretionary Investment Trusts and Discretionary Trading Trusts...This is where I am lost... Will be grateful for your advice... PS: I read through that thread called 'Partnership or discretionary trust?' but the circumstances he is inquiring are very very different from mine. Appreciate your responses in my case.