Get some appropriate tax advice. (This post isn't tax advice!) There are lots of things you can do, and lots of things you can't do...
The other thing to remember is you can plan for the current tax situation, but you can't ensure that will be appropriate for the future. A couple of points: - you can set up a trust with corporate trustee for <$1,000. It isn't expensive - you would use the trust to hold the shares in your business - if you are going to use a trust, you should do it prior to setting up your company, because if you try to transfer it later you could stuck with a large tax bill - from a trust, you CANNOT distribute dividends/gains to your super fund (well actually you can, but you will pay the top marginal tax rate on the full amount) - if you are an Australian resident, don't try to hide it in a foreign company or foreign trust (it doesn't work) - if you are Australian and you move somewhere else that doesn't have CGT (ie become a non-Australian tax resident), you will need to pay tax on the gain in value when you leave, unless you elect to defer it (which defeats the purpose) - there are certain circumstances where you can make much more than $6m on the sale and still obtain the small business tax discounts Final point... don't focus on the tax situation (but make sure it is setup at the start), focus on building a huge business and selling it to the best buyer. Regards Adrian -- You received this message because you are subscribed to the Silicon Beach Australia mailing list. Vist http://siliconbeachaustralia.org for more Forum rules 1) No lurkers! It is expected that you introduce yourself. 2) No jobs postings. You can use http://siliconbeachaustralia.org/jobs 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
