Hi everyone,
I am currently considering going into a partnership with someone to develop a block in WA. I am unsure on how and what would be the best way to set up this partnership to cover both parties interests. I have read that using a trust is one of the best ways do do this. If anyone has more information on this and where and how we can set this up it would be greatly appreciated, or if there are other options that may be better.
Regards
My preferred structure would be a Unit Trust so that either party could sell their units down the track or purchase units off the other party.
If it is a one off deal and there is only 2 of you then a partnership (with the correct Agreement) should be failry satisfactory.
Make sure you register the Partnership Agreement and have your own ABN, GST registration and TFN.
Richard Taylor | Australia's leading private lender
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