I am thinking about buying an investment property. In order to protect my investment, I want to buy this property under a family trust. In my research online, I found that a "corporate trustee" is a better option for trust. I have some amount (~$150K) saved up to pay for the initial deposit plus costs for the investment property I am planning to buy. My intention for using this company is to buy investments (property, shares etc.) but not doing any actual business.
Now my questions are:
- If I create a company, which type of company should be better for my case? "LLC" or "Pty Ltd"?
- How can I transfer the amount ($150K) into my company's name?
- Does the company need to return me my money back?
- After purchasing the first property using the amount I deposited initially into my company ($150K), how can I deposit more money there to buy more properties/investments?
- Will there be any implications on me personally as I am putting my money into my company? Can I keep putting money whenever I want?
- If the company is not doing any business, thus making negative or very low income (in case the property is negative cashflow or neutral cashflow), will I be legally liable for those as it's my company?
I really appreciate any help in this regard.
Thank you.
7,871 views
7,871 views2 replies
2 replies
7,871 views
2 replies