All Topics / Legal & Accounting / who sign’s the contract

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  • Profile photo of Pro investorPro investor
    Participant
    @pro-investor
    Join Date: 2003
    Post Count: 108

    Hi
    Could someone please tell me if you buy a house using a company trust who’s name goes on the contract . does the trust or the companys name go on but mention that the company is buying on behalf of the trust

    Thanks Rob

    Profile photo of PickworthPickworth
    Member
    @pickworth
    Join Date: 2004
    Post Count: 48

    Hi

    We purchase in the company name as trustee for the ‘ family trust ‘.

    ‘ you will never go broke taking a profit ‘

    Profile photo of Pro investorPro investor
    Participant
    @pro-investor
    Join Date: 2003
    Post Count: 108

    hi
    so on the contract you wrote “your company name on behalf of your trust

    Thanks Rob

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    on the contract it is usually written as “XX Pty Ltd ATF the XX Trust”.

    Terryw
    Discover Home Loans
    Parramatta
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    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
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    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of Pro investorPro investor
    Participant
    @pro-investor
    Join Date: 2003
    Post Count: 108

    hi
    this might be a silly question but what does ATF stand for

    Thanks Rob

    Profile photo of elkamelkam
    Member
    @elkam
    Join Date: 2006
    Post Count: 722

    At a guess I would say ATF stands for as trustee for

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    yep

    Terryw
    Discover Home Loans
    Parramatta
    [email protected]
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    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

Viewing 7 posts - 1 through 7 (of 7 total)

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