All Topics / Legal & Accounting / property partnership structure

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  • Profile photo of meredithtdmeredithtd
    Member
    @meredithtd
    Join Date: 2004
    Post Count: 1
    January 2, 2005 - 3:16 am

    hi steve, we have a new partner in our business, but also want to enter into an investment partnership with the same person.
    We will be starting a pty ltd company to address the first business partnership. How did you structure your investing partnership with Dave?
    I am half way through your book – i am loving the enlightenment. Our partner is also reading you book at the moment, so we are ready to go, but not sure how to work it.

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    January 3, 2005 - 3:19 pm

    I think Steve and Dave setup trusts where both were directors or the trustee companies.

    Terryw
    Discover Home Loans
    Mortgage Broker
    North Sydney
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    Profile photo of Robbie BRobbie B
    Member
    @robbie-b
    Join Date: 2004
    Post Count: 2,493
    January 3, 2005 - 3:23 pm

    Yes they did Terry. They used a discretionary trust and also have various beneficiaries to distribute the earnings to minimise the tax impact.

    Robert Bou-Hamdan
    Mortgage Adviser

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