Just to set the scene:
Say I have a family trust with pty ltd as trustee and beneficiary and I am the sole director/shareholder of that pty ltd. Now I buy a house under this trust and start handing out business cards (which states myself as director of this pty ltd as trustee) to prospective developers, partners, advisors, consultants, etc for development work. I then start a new pty ltd (once again with me as sole director/shareholder) to handle the development side of things.
Now, if something happens on the development side of things through the development company I established and I get sued will those people suing me be able to touch the property because I gave them my business card. I ask because as the director of the development company I have presented myself as also the director of the pty ltd that acts as trustee to the property that is being developed.
Say I have a family trust with pty ltd as trustee and beneficiary and I am the sole director/shareholder of that pty ltd. Now I buy a house under this trust and start handing out business cards (which states myself as director of this pty ltd as trustee) to prospective developers, partners, advisors, consultants, etc for development work. I then start a new pty ltd (once again with me as sole director/shareholder) to handle the development side of things.
Now, if something happens on the development side of things through the development company I established and I get sued will those people suing me be able to touch the property because I gave them my business card. I ask because as the director of the development company I have presented myself as also the director of the pty ltd that acts as trustee to the property that is being developed.