Hi,
Would like to start investing in properties but would like to protect my personal assets. And I’ve read the best way is to set up a company trust. How easy is it to set up a company trust?How much does it cost to set it up and the running cost in terms of filing your tax or yearly fees.
Thank youI charge $2750 including GST and ASIC fees to set up a trust with a corporate trustee. This includes legal advice on the structuring of the company and customising of the trust to suit your needs. Also advice on how to operate the trust so as to make sure there is asset protection against creditors. Also advice on asset protection in death and divorce as well.
Cost to run would be $250 for the annual asic fee and financials and tax returns for the trust – your accountant would best answer this as it will depend on what the trust does.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Thank you Terry for your response
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