Obviously the key is to have the funds to fund it yourself to begin with: many don't.
Get a good accounted to set up the structure right: it's worth the money up front. If it's done through a pty ltd company tied to a trust you'll get the benefits of a full company with the tax benefits of the trust. You can lend money to the company to the point that income from the company works essentially as a loan repayment with or without interest (I never went the interest route.) In terms of future investment, as others have pointed out the debt might be a turn off...but I'd seriously doubt it at this level (well, I'm presuming we're talking small amounts, say under 100-200k.) It's easy to spin it off if needed, but in the mean time you can balance the loan and repayment to negate income tax. If the only way you can kick start your startup is with personal investment, do it, and don't let any concern about debt/ future investment get in the way. I'd note on hoops comment, that super doesn't come into play until such time you repay the personal lone: indeed, that's one of the benefits of loaning the money yourself up front because it's not regarded as income until the loan is paid back. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Silicon Beach Australia mailing list. Guidelines on discussion: http://tr.im/ujKF No lurkers! It is expected that you introduce yourself: http://tr.im/ujMm To post to this group, send email to silicon-beach-australia@googlegroups.com To unsubscribe from this group, send email to silicon-beach-australia+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/silicon-beach-australia?hl=en?hl=en -~----------~----~----~----~------~----~------~--~---
