Beginner needs help

Viewing 5 posts - 1 through 5 (of 5 total)

Doofus
Member
@doofus
Join Date: 2004
Post Count: 1
August 11, 2004 - 2:05 am
Can anyone give me some tips on investing via a company structure- benefits/downsides, borowing under company names etc etc thanks heaps
Jerome.[biggrin]
Aceyducey
Participant
@aceyducey
Join Date: 2003
Post Count: 651
August 11, 2004 - 4:24 am
Jerome,
Here’s my tip: Don’t do it!
Research Trusts.
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.
– Jan L.A. van de Snepscheut
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
August 11, 2004 - 4:30 am
Doofus
There are not too many benefits to buying in a company structure. Consider a trust instead. Do a search under trust and you will find heaps here.
Terryw
Discover Home Loans
North Sydney
[email protected]
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
Mobile Mortgage
Member
@mobile-mortgage
Join Date: 2003
Post Count: 913
August 11, 2004 - 5:14 am
Hi Jerome, and welcome to the forum,
I would strongly suggest that you talk with an accountant, who fully understands the inner workings regarding company and trust structures,
Try Dale at Gatherum Goss & Associates in Melbourne,
http://www.gatherumgoss.com
Regards
Steven
Mortgage Broker
[email protected]
http://www.mobilemortgagemarket.com.au
Ph:1800 820 500
VICTORIA
PLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please seek professional, specific advice.
MJT
Member
@mjt
Join Date: 2004
Post Count: 80
August 11, 2004 - 11:25 am
Hi Doofus,
yeah, talk to your accountant about the best structure for you and you plan. We just started our family trust for investing and anything else was too expensive and had much more red tape – GST etc.
[medieval]
Matt