Can you keep your SMSF if you become non-resident?
What happens to my SMSF if I become a non-resident?
What happens to my SMSF if I become a non-resident?
You signed a contract, but things aren’t working out. It happens. In this article we explore some ways you might be able to get yourself out of the deal.
So you’ve just come up with a great business concept, given it a test-drive among your family and friends, and now want to go to the next stage. What do you do? You need to put together the ‘playing field’ for your venture. In other words, you need a ‘business structure’.
Your super doesn’t form part of your estate, and is not subject to the terms of your Will. It’s therefore critical to have in place appropriate arrangements to make sure your super ends up where you intend.
When we hear the word ‘company’, we all think we know what the person is talking about. We deal with companies every day. Most of us work for a company, and we certainly buy things from them. But companies are actually a strange thing. Let’s start with a bit of a history lesson.