company structure

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djkm11
Member
@djkm11
Join Date: 2005
Post Count: 13
February 2, 2006 - 7:44 am
Hi all,
My Father and I already own a company and are now looking into renovating full time.
What advice do people have regarding the structure we should use for the company, including asset protection and taxation benefits?
Does anyone know a proffesional in Perth that can help set this up?
Thankyou
djkm11
Xenia
Member
@xenia
Join Date: 2002
Post Count: 1,231
February 2, 2006 - 12:39 pm
I am not a tax expert, and I’m sure that others’s will elaborate on my comments, but the common structure for asset protection is to have the company as a trustee for a trust that hold the propertes that you plan to renovate!
We buy properties in Adelaide. No Agent Fees.
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Terryw
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@terryw
Join Date: 2001
Post Count: 16,213
February 2, 2006 - 2:15 pm
Sorry, replied to the wrong post
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email Me
Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
cata
Participant
@cata
Join Date: 2005
Post Count: 559
February 2, 2006 - 9:07 pm
Dr X has it right.
Pty Ltd company as trustee must be cleanskin with no trading history.
The trust you use will depend on what you are doing. Probably either a discretionary trust or hybrid discretionary trust.
E-mail me if you want to chat.
CATA
Asset Protection Specialist
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