Allow a couple of weeks to have your new entity set up. If there are any extra legal steps required after your new entity is established we'll chat about the timing of those steps with you (as they depend on your circumstances).
We'll work with you to get a gauge on your circumstances and what you're hoping to achieve by setting up a new entity- whether it be for tax purposes, asset protection or estate or succession planning (or a combination of these reasons). We'll go through the pros and cons and discuss what changing your structures will mean for you.
If you decide that a company is the best way to proceed, then we'll discuss who'll be the office holders (director/s and secretary) and shareholders of the company and get the other details we need to complete registration with ASIC and kick off your new company. Each of the office holders and shareholders will need to sign some paperwork to make it all official.
If a trust is the best vehicle for you, then we'll chat about whether the trust will be a discretionary (family) trust (where the trustees have the discretion to deal with the trust assets and the beneficiaries of the trust) or a unit (fixed) trust (where the beneficiaries have a fixed entitlement). We'll discuss who are the right people to have control of the trust and who will be the beneficiaries. We'll arrange for the new trust deed to be signed and stamped and give you advice to make sure the other legalities involved are also ticked off (e.g. payment of the settlement sum by the settlor to kick off the new trust).
It's common for the trustee to be a company, in which case, we'll also arrange to set up the new trustee company if required.
Once your new entity has been created your accountant will be able to complete an ABN registration (if required). Then we can start to deal with your new entity, and assist with any further steps. This often involves transferring land or farm assets into your new entity, and considering the overall effect this will have on your will and estate planning to make sure your assets will be left in accordance with your wishes.
Our Meags grew up on a dairy farm near Cobden and has a genuine knack for people. It’s no wonder that she’s a wonderful host and embraces every moment she can, feeding food (and wine) to her friends and family at home. We all wish we could score an invite to her place at Christmas. Just maybe not when the Magpies are playing on TV. Yep, another Collingwood nutter!
You don’t have to drive too far to see Bec slaying her guitar with her pub rock cover band. The volume is quite a contrast to her upbringing on a peaceful farm! Bec comes from three generations of dairy farmers in Camperdown. That’s a lot of legacy, life experience and appreciation for practicality – all of which she naturally applies in her advice. And her clients love her for it.
Shaun cherishes the sense of community living in Camperdown, having moved from Geelong seven years ago. It’s no wonder he enjoys playing team sports, such as cricket, tennis and soccer. He and his lovely wife also have a young son and two dogs to run around after.
Grace loves the convenience of how close everything is in the country. From work, family, the supermarket and of course, her home. She grew up in Colac and learnt a lot of life experience from her parents who run a business in the ag industry. If you haven’t been lucky enough to meet her in the office just yet, find her watching the local Colac Tigers come the weekend.
Ash's upbringing revolved around shearing sheds, saleyards and running amok in the NSW bush. She's now enjoying bringing up her young son on the Bellarine and enjoying all that this area has to offer. If you ask Ash about football, she’ll tell you the Bombers are due for some strong finals action. We think she'll be waiting some time yet!
Our Saint ’Nick’ is not just a St Kilda supporter. He’s an avid video game player and enjoys listening to music to accompany the relaxing atmosphere of country life. We’re not sure if it’s his choice in football teams that makes him ultra-resilient or his two younger brothers. Maybe ask him when you chat to him next.
Peta was born and raised in Camperdown. She’s now in the life chapter of growing her own family with her hubby, one beautiful girl and two big fur babies. When they find a quiet weekend - by day, they’ll be in the garden or renovating their home. By night, cooking tea and snuggling up with a glass of wine and a good movie.
As a Colac local for over 40 years, chances are you’ve met Dave. He loves socialising with his mates, enjoying a weekend walk or getting his hands dirty in the garden. When it comes to footy, he’s been one of those lucky ones to taste regular glory. Yep, if we let him, you’d hear ‘We are Geelong, the greatest team of all…’ on repeat.
When the lovely Loz is not in the office keeping things in check, she’s operating at a slower pace embracing her latest book or the latest banter amongst her beloved family and friends. Like many of us, she loves being part of a supportive local community.
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