Wasn't sure which section to put this thread into so I've decided on innovation as it will be innovative for me (as I haven't got a clue) but probably basic for others.
As some of you may know I have been developing duplexes by purchasing land with investment loans and using builders to contract the construction part. A friend of mine is a builder and has just offerred me an opportunity to form a company with him which would enable me to use his licence to coordinate the whole project and thus cut out any contracts with builders. I am quite capable of organising building projects and this may present great opportunity for me in my developments as it gives me more control over a project. It would ensure efficiency in the whole process.
Does anyone have any experience with this company business structure?
What are the pros and cons?
I will speak to my accountant and solicitor in the next week but thought I would get some thoughts from you folks first.
Thanks
As some of you may know I have been developing duplexes by purchasing land with investment loans and using builders to contract the construction part. A friend of mine is a builder and has just offerred me an opportunity to form a company with him which would enable me to use his licence to coordinate the whole project and thus cut out any contracts with builders. I am quite capable of organising building projects and this may present great opportunity for me in my developments as it gives me more control over a project. It would ensure efficiency in the whole process.
Does anyone have any experience with this company business structure?
What are the pros and cons?
I will speak to my accountant and solicitor in the next week but thought I would get some thoughts from you folks first.
Thanks