All Topics / Help Needed! / JV advice and structuring

Viewing 3 posts - 1 through 3 (of 3 total)
  • Profile photo of wilko1wilko1
    Participant
    @wilko1
    Join Date: 2010
    Post Count: 510

    Hi just looking to get some advice of what you would do in my situation.

    I've got possible JV partner who has a relative high income over 200k a year.

    I've been doing subdividing/renovation type projects for a number of years and have knowledge of local councils, have a lot a of area knowledge in several suburbs that I target, contacts and can see a development project from start to finish without to many hiccups. I have a number of projects that I'm doing myself personally this year and till at least June 31st have reached my servicing ceiling.

    How would you best combine my knowledge with his income to pull off a JV.

    How would I look to structure it so as to protect my other projects etc from this project. ( my initial thoughts were using my family trusts to buy 50 % of the units in a  new unit trust . This might not be a one off project and could be more in the future. 

    Your thoughts

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

    Very complex.

    Need to consider heaps of things such as

    1. Land tax

    2. stamp duty on exit

    3, minimsing guarantees

    4. existing structures

    5. exit strategies

    6. GST

    7. Tax

    8. Asset protection

    etc

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://structuring.com.au/
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Aust wide) http://propertytaxbook.com.au/

    Profile photo of RPIRPI
    Participant
    @rpi
    Join Date: 2012
    Post Count: 308

    Hi

    Agreed

    Find lawyer in your state as 1st port of call, make sure the asset protection and the entry, exit and what if it all goes bad stuff is going to be sorted.  IF they work with good accountant even better

    regards

    D

    RPI | Certus Legal Group / PRO Town Planners
    http://www.certuslegal.com.au
    Email Me | Phone Me

    Property Lawyer & Town Planner

Viewing 3 posts - 1 through 3 (of 3 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.