There are two big questions here
1) do you intend to take on non-Australia (read US) VC funding?
2) where do you intend to operate the business (i.e. just in Australia)?
One of the companies I've been working for just closed around with a US VC.
The CEO spent an extra month unwinding various trust
I've seen people advised to get 5 Pty. Ltd.s and about 10 unit trusts to set
up a new company.
It's a complex issue and tax law is changing - discretionary trusts with
corporate beneficiaries are potentially getting taxed in ways they weren't
before, from what I last read.
Also, the way in which
well it completely depends - there are different tax consequences. It's all
specific to your situation, and why it's advised you get a professional.
Elias Bizannes
http://eliasbizannes.com
On Mon, Feb 8, 2010 at 2:18 PM, Mark Mansour wrote:
> After setting up a Pty Ltd by myself I was advised
After setting up a Pty Ltd by myself I was advised by my accountant to stop
using that entity and set up a Unit Trust instead. Anyone else get this
advise?
On Tue, Feb 9, 2010 at 8:46 AM, Philip Scott wrote:
> Hi,
>
> You could check out http://www.business-switch.com.au/
>
> They specialise in
Hi,
You could check out http://www.business-switch.com.au/
They specialise in this area.
Philip Scott
On Feb 8, 7:20 pm, Mike Peace wrote:
> Hi Aymeric,
>
> I usewww.patricia.com.au.
>
> Cheers,
>
> Mike Peace
> SAP HCM Developer
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