Best Ways to Set Up Company in Australia

[Mary Markov]

Hi,

I was born in Australia, and live here, and have dual citizenship with Europe. I am receiving 3 houses from my parent's estate on the 1st November 2015. I will need to set up a company with my 3 children and we would like to do creative investing and learn the strategies you teach on Bigger Pockets. As I am only beginning I don't know whether to set up a company under a family trust or not, to maximise tax benefits, as well as to protect our real estate assets from liability etc. I have also been reading that there are structures such as LLC, Limited Family Company, Nevada, Delaware and don't know how I can reduce fees, charges and taxes and to maximise benefits and also protect our assets from liability etc. I read further notes also from Bill Bronchick talking about liability, how to protect your assets and increase your benefits, profits etc, depending on the types of structures and company you set up. and it seems like an incredibly involved area which covers so much scope and also possibilities. I realise that it is a very important decision when first setting up your company and cannot make a mistake about this.

I have bee told by my local real estate accountant that the rental income from my 3 houses will be deemed as being my own personal income including the assets, despite if I register the 3 houses into a company.   

I would be very grateful for your thoughts and suggestions and advice, and if there is anyone you know whom I can speak to in person here in Australia, Victoria, whom you highly recommended regarding my position.

Thank you very much,

Yours Gratefully,

Mary