Structure

[bundy1964]

Hi

I am trying to get my future plans right.

Currently I work as a sole trader with GST reg and have 2 IP's. Risks to assets is low with my business but the 2 IP are more out in the public eye so higher risk.

I would like to set up a trust to hold shares and posiably PPOR with myself as trustee. All lower risk stuff. Would the trust be included with my current BAS or for the trust could I elect to go no GST reporting?

A trust for commercial IP's would have a corporate trustee due to the higher risks involved and be a GST reporting body.

Does this plan make sence or should I just go with one trust to do both?

bundy

 

[DaleGG]

Hiya Bundy

One trust is more than adequate for the investments, whilst, keeping the business very much separate.

Dale

Originally posted by bundy1964
Hi

I am trying to get my future plans right.

Currently I work as a sole trader with GST reg and have 2 IP's. Risks to assets is low with my business but the 2 IP are more out in the public eye so higher risk.

I would like to set up a trust to hold shares and posiably PPOR with myself as trustee. All lower risk stuff. Would the trust be included with my current BAS or for the trust could I elect to go no GST reporting?

A trust for commercial IP's would have a corporate trustee due to the higher risks involved and be a GST reporting body.

Does this plan make sence or should I just go with one trust to do both?

bundy

 

[bundy1964]

Thanks Dale

Once I get some ******* accountants sorted out I think I have a job for you

bundy