Advise on Structure

Hi Everyone.

I am first time poster. This forum is a great source of information for a rookie like me.

Our situation is

1. Early 30s couple with 18 month old bub. Both with perm job and 100K+ income each.

2. Own PPOR with around 150K in Equity (130k loan outstanding) in Western Sydney. The loan is against husband

Our goal is

1. Build passive income via multiple CF+ positive with good CG (5%+ per annum)over next 5-10 yrs

2. Husband wants to start contract job this year (to get higher salary and higher tax advantage of PTY setup). Wife will

    continue with Perm Job

3. Start IT consulting business over next 1 or 2 years. One of us will quit job and get full-time into business at some stage

Understand benefits of Family Trust with Company as Trustee. But need advice on the following

1. Should we straight away start with Trust structure? I am afraid, earnings from CF+ property will be eaten away by cost to setup Trust and accounting bills, especially for the first couple of years when we will have less number of properties. Other option in mind is to buy first couple of IPs on wife's name as she is currently debt-free.

2. If indeed we go for Trust straight away, since both of us are in higher tax bracket, should we setup 2 companies? One company will be Trustee and other will be beneficiary (as company tax rate of 30% is less than individual tax rate). Husband can be Director of the Trustee Company since he has higher income than wife. Also later on, when husband starts contracting or own business, should he use Trustee Company or Beneficiary Company for his employment/business?

3. Any recommendation for good Property accountant in Western Sydney who can also help in setting Trust.

4. Any other thing which I have to keep in mind while deciding structure.

Thanks in advance.