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  • Profile photo of DoofusDoofus
    Member
    @doofus
    Join Date: 2004
    Post Count: 1

    Can anyone give me some tips on investing via a company structure- benefits/downsides, borowing under company names etc etc thanks heaps

    Jerome.[biggrin]

    Profile photo of AceyduceyAceyducey
    Participant
    @aceyducey
    Join Date: 2003
    Post Count: 651

    Jerome,

    Here’s my tip: Don’t do it!

    Research Trusts.

    Cheers,

    Aceyducey


    In theory, there is no difference between theory and practice. But, in practice, there is.

    – Jan L.A. van de Snepscheut

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

    Doofus

    There are not too many benefits to buying in a company structure. Consider a trust instead. Do a search under trust and you will find heaps here.

    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

    Profile photo of Mobile MortgageMobile Mortgage
    Member
    @mobile-mortgage
    Join Date: 2003
    Post Count: 913

    Hi Jerome, and welcome to the forum,
    I would strongly suggest that you talk with an accountant, who fully understands the inner workings regarding company and trust structures,

    Try Dale at Gatherum Goss & Associates in Melbourne,
    http://www.gatherumgoss.com

    Regards
    Steven
    Mortgage Broker

    [email protected]
    http://www.mobilemortgagemarket.com.au
    Ph:1800 820 500
    VICTORIA

    PLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please seek professional, specific advice.

    Profile photo of MJTMJT
    Member
    @mjt
    Join Date: 2004
    Post Count: 80

    Hi Doofus,

    yeah, talk to your accountant about the best structure for you and you plan. We just started our family trust for investing and anything else was too expensive and had much more red tape – GST etc.

    [medieval]

    Matt

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