HI, I am really confused about what would be a good business structure for myself.
We are two unrelated parties who want to manage a business together. The assets in the business can be bought individually by both of us in equal numbers (These are spa machines costing AUD20000 each and then placed at different sites)
We then want to possibly lease them or license them to a Trust for use, day to day running and earning income.
I wish to keep the business as separate as we possibly can to avoid disputes as well as flexibility.
There are some future possibilities like: (and many i would have missed)
Accountant is suggesting buying together in the Trust and leasing to the company (Is there any disadvantage of doing this way which is different to what i thought would be ideal i.e. Buying in our companies and leasing to the Trust).
Thanks in advance and any help is appreciated!
We are two unrelated parties who want to manage a business together. The assets in the business can be bought individually by both of us in equal numbers (These are spa machines costing AUD20000 each and then placed at different sites)
We then want to possibly lease them or license them to a Trust for use, day to day running and earning income.
I wish to keep the business as separate as we possibly can to avoid disputes as well as flexibility.
There are some future possibilities like: (and many i would have missed)
- We can buy some extra machines in our personal capacity in our separate companies allowing us to choose what sites to manage together.
- We can always end this arrangement with a simple termination of lease?
- I want to ensure that each parties assets are protected in case one of us goes bankrupt or protect from any future complication.
Accountant is suggesting buying together in the Trust and leasing to the company (Is there any disadvantage of doing this way which is different to what i thought would be ideal i.e. Buying in our companies and leasing to the Trust).
Thanks in advance and any help is appreciated!