All Topics / Value Adding / Company vs Unit trust

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  • Profile photo of wrappackwrappack
    Member
    @wrappack
    Join Date: 2003
    Post Count: 182

    For those of you who as of yet haven’t downloaded the development checklist of Peters’, I suggest you do! http://www.smartpropertydevelopment.com.au

    My question relates to the Legal and accounting related questions.

    Do I have the right legal structure ( a Pty Ltd company or a “Unit Trust”) to pursue the development.

    Obviously, this is a highly technical area, in which ones accounting aspects apply.

    In broad terms, when is one best to use a company, and when is one best to use a unit trust (or other trust)?

    Profile photo of flashflash
    Member
    @flash
    Join Date: 2003
    Post Count: 140

    Hi there,
    There is a company called The Mint Group who deal with all issues reguarding setting up a trust and other aspects of property investment.

    They are quite expensive but your better off paying for 1st class advice.

    Turn your computer into a high profit centre with the amazing ABC automated system.
    Test drive it here.
    http://www.growyourwealth.info

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

    One bad thing about companies is ASIC regulations and you details (DOB, country of birth, address etc) become avaialable to the public to see. Trusts aren’t regulated by ASIC so everything is private!!

    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

Viewing 3 posts - 1 through 3 (of 3 total)

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