hi all
We are lucky enough to own IPs which although don’t give us the high return Steve recommended in his book, do give some passive income. And now that we are even more motivated (after reading Steve’s book), we have come to that junction where we are wondering if we should continue the path as a corporation instead.
Please give us some advice.Thanking you in advance!
Nani
Email MeThe road to success is always under construction
IMO, based on your situation, so may be better off setting up a discretionary trust to house your future IPs. Must be positively geared properties though, as you cannot distribute losses from a trust.
A trust is a more flexiable investment vehicle than a company as you can funnel income to the most tax effective beneficiaries.
Hi Samson
See a good accountant/financial planner because there are heaps of issue to consider:
– your strategy
– tax planning
– estate planning
– risk mitigation
– etc.However, this topic has been discussed a lot of times so perhaps do a search (see link top of page).
Cheers
Stu
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