John has placed his assets into a business structure which allows him to decide what income his family members will receive and to retain considerable control over the running of the business.This business structure is called:

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A trust allows the person (in this case, John) to maintain control over the assets and their distribution while also limiting legal liability. It also allows for the distribution of income to family members, based on predetermined rules set by the creator (John). The other business structures listed (partnership, no liability company, proprietary company) do not have the same level of flexibility and control over the distribution of income and are not structured for this specific purpose.

John Has Placed His Assets into a Business Structure Which