Hi all,
I own a couple of properties under my name (no PPOR) and will open my own business this year as a side project while still being 100% employed at a financial institution.
This side project / business will be owned by two or three persons jointly (some have properties under their own name too or may be of foreign nationality).
I would like to understand the different options we have to structure this new business and would appreciate it if you either had a view or could point me to some background reading (I tried the search function but couldn't find any answers to my situation).
My main concern is around asset protection as I don't want to compromise my existing property portfolio.
Cheers,
Void
I own a couple of properties under my name (no PPOR) and will open my own business this year as a side project while still being 100% employed at a financial institution.
This side project / business will be owned by two or three persons jointly (some have properties under their own name too or may be of foreign nationality).
I would like to understand the different options we have to structure this new business and would appreciate it if you either had a view or could point me to some background reading (I tried the search function but couldn't find any answers to my situation).
My main concern is around asset protection as I don't want to compromise my existing property portfolio.
Cheers,
Void
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