Hi There all
Just wondering what the go is
we have a new hdt and will be undertaking some works on a new property purchased under this structure, the question is
who do we get the contractors to write the invoices out to?
I presume its the Pty Ltd Co we have as trustee and holding the title
however, we will then have to foot the bill to cover the costs for the Co as it doesn’t yet have income (and even in the future income will be low i guess but grow over time), is that correct?
The mechanics of it all sometimes escape me (yes, I have Dales books and yes I probably am a bit thicker than most )
Any clues?
Wasp
**************************************************Its not what you earn but what you do with what you earn
I believe the Invoices all go to the Pty Ltd Co..
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorPerhaps your Trust or some other entity could transfer $$$ into company acc as a loan. Then the co could pay its bills until it gets an income.
Giddo
http://www.standrewsplace.com.auKNOWLEDGE IS POWER
The trading should all be done from the trust.
Invoices are XYZ Pty Ltd as trustee for ABC trust.Keep the company a non-trading company.
Why can’t you buy more units in the trust to get more money into the trust.Hope this helps
CATA
Asset Protection Specialist
[email protected]If the trust cant afford it you will have to either gift or lend it money. If you take from your LOC, you may at least be able to claim the interest.
Terryw
Discover Home Loans
Parramatta
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