Question regarding overseas investment using SMSF trustees ?

Hi All,

I'm new to the forum

We have SMSF setup as trustees and wanted to know if we can still invest in US properties please? Or does the SMSF have to be LLC? Can you offer any advice ?much appreciated

Regards,
Simon

Simon

The question of whether is has to be an LLC is NO.

The question of whether is should be an LLC is totally different and would depend on your risk aversion and whether you wanted to protect the balance of the Assets in the fund and be personally liable for any potential litigation.

I now what i would prefer.

Cheers

Yours in Finance

Richard Taylor - richard@tayloredfinancialsolutions.com.au Tel: 07 3720 1888
Residential Mortgage Broker providing structured home loan advice for investors and owner occupiers all over Australia.
Want to live of your rental income? 0-40 properties in a decade. Email me for a copy of my API Magazine interview

We are currently having ours setup.

We chose to use a company trustee and directors as custodians.

A good question is, should another company be used as the custodian? If not are the custodians private assets still protected?

Performance Training Centre Perth
http://www.ptcperth.com.au