We are looking at buying a business and we will need to have a storage unit.
What would be the best way to set this up? Of course I will speak to my accountant if it looks like it's viable (still waiting on figures).
Assuming we buy the business in a company name (yet to speak to accountant about this) would it be more cost effective for the business to buy/rent a unit?
Or if we buy it in our names and rent it to the company? Would that be better?
Can you do it in a SMSF?
Sorry- Newb questions. Any advice welcome.
What would be the best way to set this up? Of course I will speak to my accountant if it looks like it's viable (still waiting on figures).
Assuming we buy the business in a company name (yet to speak to accountant about this) would it be more cost effective for the business to buy/rent a unit?
Or if we buy it in our names and rent it to the company? Would that be better?
Can you do it in a SMSF?
Sorry- Newb questions. Any advice welcome.