Many thanks - just what I needed to know. About to set up a new business venture but unsure if it will take off or not. Probably stand a better chance of selling it as a whole if it does so the 50% CGT benefit will probably be one of the primary benefits.
To obtain financial freedom, one must either be a business owner, an investor or both generating massive income, despite the fact that I invest, I am saddened by my inability to evaluate each company's performance and determine whether or not this is the ideal time to purchase stocks. My monetary stockpile is being depleted by inflation. At this stage, I need accurate market trajectory data, but I'm not sure what to do.
I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform. I have made over 1.5 million dollars working with an investment coach for more than two years.
My Financial Advisor is ROCH DUNGCA-SCHREIBER . I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can run a quick online research with her name if you care for supervision. I basically follow her market moves and haven’t regretted doing so.
hi great video , sorry i missed the last point , at your practice what do you set up to take advantages of each structure ? maybe a video of this would be awesome 🙂
Can the company be a trustee and beneficiary in family trust, so company can retain the lost, or pay less tax after distributing the profits to other beneficiaries?
Can we start up a company first and down the track set up a trust or is it best to do it all at once? We have a partnership business that has grown and looking at converting it to a company. We don't have any assets at the moment to protect but were purchasing our own home in the next few months then we will be investing in property in the near future. I can't speak to my accountant, I have a 4-week wait till i see him next.
Best to talk to a broker as well about how setting up a company can impact your financing. If you are purchasing after June then setting up a company now could impact your serviceability. It really depends on value of business so best to wait to speak to him. Hard for me to give you my opinion as I don’t know enough info.
Hi Davie, Thanks for the great video. I’m a little confused about one topic of the video. In both pty ltd and trust, you listed the disadvantages of “loss distribution isn’t flexible”. So for both structures, the losses get carried over. Is there a way we can claim against these losses somehow?
Losses are just not transferred to shareholder and the beneficiary. It stays within the company or trust. You can claim it on future profits on the company or trust. You just can’t claim it against other income earn in the personal leave. For example soletrader losses can be offset against personal wages. But you can’t do the same with company losses against personal wages.
I spoke to guy recently who told me that he is setting up a non-registered discretionary trust to hold his income and other assets. He also said he won't need to pay tax on income earned that he put into the trust, is this possible or not?
Can I ask, in terms of asset protection, what's the difference between operating as a company and a trust? They both sound simlar to me...are you suggesting if the trustee is not a corporate trustee, liability is not limited? Thanks!
Yes the trustee will be the individual as thus their wont be much of a protection. Best to speak to a lawyer in regards to this. Also companies are taxed at 27.5 - 30% tax rate and trust really depends on who the beneficiary of the income is. If the individual benefits the tax is at the individual marginal tax rates.
Limited liability is a term I am never comfortable with when describing structures as certain types of actions/debts can lead to the directors being personally liable. Just google “ato director personal liability” for some examples.
Hi, I am currently plan to have a business selling products online and need help with business structure. I need some guidance, please let me know the quote and if you can assist with my inquiry? Thanks
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Many thanks - just what I needed to know. About to set up a new business venture but unsure if it will take off or not. Probably stand a better chance of selling it as a whole if it does so the 50% CGT benefit will probably be one of the primary benefits.
No worries, glad you found it helpful. All the best with your business venture!
What this guy didn't tell u is u can still access the cgt discount via a share sale in the company.
To obtain financial freedom, one must either be a business owner, an investor or both generating massive income, despite the fact that I invest, I am saddened by my inability to evaluate each company's performance and determine whether or not this is the ideal time to purchase stocks. My monetary stockpile is being depleted by inflation. At this stage, I need accurate market trajectory data, but I'm not sure what to do.
I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform. I have made over 1.5 million dollars working with an investment coach for more than two years.
My Financial Advisor is ROCH DUNGCA-SCHREIBER . I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can run a quick online research with her name if you care for supervision. I basically follow her market moves and haven’t regretted doing so.
Great video, so far is the one that has helped me best to understand how a discretionary trust works. Many thanks😃
Thank you for watching :)
hi great video , sorry i missed the last point , at your practice what do you set up to take advantages of each structure ? maybe a video of this would be awesome 🙂
Appreciate the video, gives me a better idea of how I want to set up our business.
Thanks for sharing the information. Does trust need to lodge a BAS?
if the trust pays GST as it turnsover 75k or pays wages then yes it does.
Hi, what works better for online International business based in AU but selling to USA, AU and Europe
Can the company be a trustee and beneficiary in family trust, so company can retain the lost, or pay less tax after distributing the profits to other beneficiaries?
Yes it can depends on how you write the trust deed.
Very helpful information. Thank you so much!
No problem :) Im trying to release regular videos weekly so dont forget to follow us!
Can we start up a company first and down the track set up a trust or is it best to do it all at once? We have a partnership business that has grown and looking at converting it to a company. We don't have any assets at the moment to protect but were purchasing our own home in the next few months then we will be investing in property in the near future. I can't speak to my accountant, I have a 4-week wait till i see him next.
Best to talk to a broker as well about how setting up a company can impact your financing.
If you are purchasing after June then setting up a company now could impact your serviceability.
It really depends on value of business so best to wait to speak to him.
Hard for me to give you my opinion as I don’t know enough info.
Can you please make a video on a company with a family trust set up or point me to the right one of you have it already
Hi
Wonder whether a sole trader can start a trust
Thanks
Great vid helped a lot! What is the difference between a corporation and a company or is company merely another word for corporation?
Australia uses the word company rather than corporations. It basically means the same thing.
@@DavieMach sweet thought so cheers
Hi Davie,
Thanks for the great video.
I’m a little confused about one topic of the video.
In both pty ltd and trust, you listed the disadvantages of “loss distribution isn’t flexible”. So for both structures, the losses get carried over. Is there a way we can claim against these losses somehow?
Losses are just not transferred to shareholder and the beneficiary. It stays within the company or trust. You can claim it on future profits on the company or trust. You just can’t claim it against other income earn in the personal leave.
For example soletrader losses can be offset against personal wages. But you can’t do the same with company losses against personal wages.
I spoke to guy recently who told me that he is setting up a non-registered discretionary trust to hold his income and other assets. He also said he won't need to pay tax on income earned that he put into the trust, is this possible or not?
When its too good to be true it probably is.
Still a great video thanks- so well explained appreciate it!
Thanks !
awesome vid man
Thank you for the video
No worries John :)
Can I ask, in terms of asset protection, what's the difference between operating as a company and a trust? They both sound simlar to me...are you suggesting if the trustee is not a corporate trustee, liability is not limited?
Thanks!
Yes the trustee will be the individual as thus their wont be much of a protection. Best to speak to a lawyer in regards to this.
Also companies are taxed at 27.5 - 30% tax rate and trust really depends on who the beneficiary of the income is. If the individual benefits the tax is at the individual marginal tax rates.
Limited liability is a term I am never comfortable with when describing structures as certain types of actions/debts can lead to the directors being personally liable. Just google “ato director personal liability” for some examples.
Hi,
I am currently plan to have a business selling products online and need help with business structure. I need some guidance, please let me know the quote and if you can assist with my inquiry? Thanks
Best to book in a meeting Don Don!
can a trust be with just one beneficiary?
Great info, thank you
Thanks for watching!
I definitely think trust are not as good as they use to be compared to 8 + years ago!
Not quite as good but still very good structures
Why so?
You didn't cover payrole advantages
Hi Warren, will do it next time then.
Thank you for your video
No worries! Hope it was helpful :)