We want to start a business but we dont know where to start with the financing because we dont have any collateral. What should we do because we got a good investment stradegy written down but dont know how to get the finance.
You really need a have a joint agreement through a solicitor to cover every situation and set up a trust account.
Then you need to save the money to build up the collateral. Probably then buy a property through the trust or as tenants in common.
You may need to look at a hybrid unit trust so that if someone pulls out you just pay them out by buying their units in the trust.
this may help
http://www.businessmall.com.au/store/viewItem.shop?idProduct=110 Article on joint venturesI haven't done this type of thing but read a lot !
duckster wrote:You really need a have a joint agreement through a solicitor to cover every situation and set up a trust account.
Then you need to save the money to build up the collateral. Probably then buy a property through the trust or as tenants in common.
You may need to look at a hybrid unit trust so that if someone pulls out you just pay them out by buying their units in the trust.
this may help
http://www.businessmall.com.au/store/viewItem.shop?idProduct=110 Article on joint venturesI haven't done this type of thing but read a lot !
How much money do we actually need to finance a 800k development dead and how do we get the 800k loan in the first place?
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