Hi, My name is Matt and I'm new to this site. I have just completed my electrical contracting course so that I can start up my own business. I went to see an accountant to setup the company etc. He advised me to setup as ABC Pty Ltd ATF ABC Discretionary Family Trust trading as ABC. To me this was all about protection. And he told me all finances were to go through the family trust. Now i've then finally got my ABN from this guy (for some reason it took 2 weeks) and applied for my contractors licence from EnergySafety. EnergySafety have told me that an electrical contractor cant operate as a family trust. Is anyone in this field? If so can you give some advice as to how you have setup to provide some protection. If I am setup like this in which name do I buy a car and put the loan for the car in?