All Topics / The Treasure Chest / Set up as business for buying property?

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  • Profile photo of NicoleNicole
    Member
    @nicole
    Join Date: 2003
    Post Count: 3
    August 8, 2003 - 5:32 am

    Hi

    I am unsure whether the best option is to have all my purchases set up under a business name, or whether to have them as part of my personal income/expenses.

    I am considering partnering with someone else that is interested in further the +ve cashflow concept, and am not sure which approach should be taken.

    Can anyone help clarify?
    Nicole

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    August 8, 2003 - 12:50 pm

    I don’t think you can own a property under a business name. it has to be individual names or a company. It is the structure that is important.

    Maybe a trust is best for your situation?

    Terryw
    [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 2 posts - 1 through 2 (of 2 total)

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