All Topics / Legal & Accounting / Joint Venture Agreement template

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  • Profile photo of Wendy ChamberlainWendy Chamberlain
    Participant
    @moorew
    Join Date: 2003
    Post Count: 58
    May 17, 2006 - 9:15 am

    Hi all,

    We have set up a company to purchase real estate. I am looking for a template for a Joint Venture agreement.

    Does anyone have a template or example that they would be willing to send me? If so, please PM me.

    Thanks,
    Wendy

    “Say what you want and be who you are because those who mind don’t matter and those who matter don’t mind.” – Dr. Seuss.

    Wendy Chamberlain | Chamberlain Property Advocates
    https://www.wendychamberlain.com.au
    Email Me | Phone Me

    Melbourne Buyers Agent & Sellers Advocate | Independent | Flat Fee

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    May 17, 2006 - 9:22 am

    I have a couple that I have saved, tho never used. please send me an email and I will send them onto you – cannot attach to a PM. You can set one up properly on line at http://www.lawcentral.com.au

    Also please get advice on using a company to buy property. It is probably not a good idea as you don’t get the 50% CGT discount. A Trust would be better.

    Terryw
    Discover Home Loans
    Parramatta
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    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
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    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of TerrywTerryw
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    @terryw
    Join Date: 2001
    Post Count: 16,213
    May 17, 2006 - 10:28 am

    BTW. On Law Central the document is called “the Buy a House with Friends Agreement”

    Terryw
    Discover Home Loans
    Parramatta
    [email protected]
    Sign up to my mailing list.
    Just send me a blank email, with “subscribe” in subject line.

    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 Wendy ChamberlainWendy Chamberlain
    Participant
    @moorew
    Join Date: 2003
    Post Count: 58
    May 17, 2006 - 12:07 pm

    Hi Terry,

    I’ve sent you an email.

    My property is purchased through my company as trustee for the trust. The CG discount will only apply where a property is held for 12 months. This is fine where your strategy is buy and hold, otherwise a company taxed at 30% is a better option inside 12 months.

    Wendy

    “Say what you want and be who you are because those who mind don’t matter and those who matter don’t mind.” – Dr. Seuss.

    Wendy Chamberlain | Chamberlain Property Advocates
    https://www.wendychamberlain.com.au
    Email Me | Phone Me

    Melbourne Buyers Agent & Sellers Advocate | Independent | Flat Fee

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    May 17, 2006 - 12:27 pm

    Hi Wendy

    If you are using a trust that is good then. At least with a trust you have the option of distributing money to a company or a person – if you happen to keep one longer than 12 months.

    Terryw
    Discover Home Loans
    Parramatta
    [email protected]
    Sign up to my mailing list.
    Just send me a blank email, with “subscribe” in subject line.

    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 Wendy ChamberlainWendy Chamberlain
    Participant
    @moorew
    Join Date: 2003
    Post Count: 58
    May 17, 2006 - 1:02 pm

    Hi Terry,

    Thanks for the docs and the advice. Much appreciated.

    Wendy

    “Say what you want and be who you are because those who mind don’t matter and those who matter don’t mind.” – Dr. Seuss.

    Wendy Chamberlain | Chamberlain Property Advocates
    https://www.wendychamberlain.com.au
    Email Me | Phone Me

    Melbourne Buyers Agent & Sellers Advocate | Independent | Flat Fee

Viewing 6 posts - 1 through 6 (of 6 total)

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