All Topics / Overseas Deals / Question regarding overseas investment using SMSF trustees ?

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  • Profile photo of mcp200mcp200
    Member
    @mcp200
    Join Date: 2012
    Post Count: 3
    January 27, 2012 - 1:12 pm

    Hi All,

    I'm new to the forum

    We have SMSF setup as trustees and wanted to know if we can still invest in US properties please? Or does the SMSF have to be LLC? Can you offer any advice ?much appreciated

    Regards,
    Simon

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    January 28, 2012 - 2:16 am

    Simon

    The question of whether is has to be an LLC is NO.

    The question of whether is should be an LLC is totally different and would depend on your risk aversion and whether you wanted to protect the balance of the Assets in the fund and be personally liable for any potential litigation.

    I now what i would prefer.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of PaulliePaullie
    Member
    @paullie
    Join Date: 2009
    Post Count: 217
    January 28, 2012 - 2:46 am

    We are currently having ours setup.

    We chose to use a company trustee and directors as custodians.

    A good question is, should another company be used as the custodian? If not are the custodians private assets still protected?

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