Sharing economy business model: should it work for fiduciary services?

12 December 2016
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The term "sharing economy" have a range of meanings, but in general it could be described as economic activity based on sharing access to goods and services. 
Actually, the term "sharing economy" need a correction to the term "access economy" - a business model where goods and services are traded on the basis of access rather than ownership, to realize more choice while mitigating the costs associated with ownership. Trust, convenience and a sense of community are all factors in pushing adoption of the sharing / access economy forward.

When it comes to the issue of asset structuring, setting up a trust or foundation is almost always a long life structures realized as bespoke solution. As a consequence it brings costs associated with setting up and maintenance of such structures, taking into consideration irrevocable and discretionary nature of trust, relations with trustees in case of trust or board members in case of foundation, other legal and tax issues. 

What if the business owner plan to structure his/her assets for short- or midterm period?

Is it really necessary to set up a trust or foundation from the scratch in order to get all legal benefits from non direct ownership?

In sharing economy these questions should arise an issue like:
"Do I need to own a car when there is the UBER?"

What if the foundation as a legal entity with an independent capital, specially designed to provide fiduciary asset ownership services, will be a corporate vehicle for short- or midterm asset ownership?

In this case, business owner will get all legal benefits from no longer owning the assets, but in the same time have a right to transfer assets back at any convenient time.

So, no need to set up a brand new trust or a foundation, really flexible and reliable solution for asset structuring and protection.

Please feel free to share with your thoughts.