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Costs of HDT with corporatee trustee

Discussion in 'Accounting, Tax & Legal' started by DaveA, 25th Apr, 2007.

  1. DaveA

    DaveA Well-Known Member

    Joined:
    19th Feb, 2007
    Posts:
    617
    Location:
    Sydney, NSW
    for those who have set up a HDT recently, what type of ball park figure would i be looking at to set one up...

    i notice on chris battens website deeds are $990, so with the company would i be looking at about $2500 to get it all set up and running or a bit more???

    i know i could ring myself and ask but im really looking for just an approx figure and know nick is a busy man and dont want to waste his time..

    cheers
     
  2. bundy1964

    bundy1964 Well-Known Member

    Joined:
    22nd Dec, 2006
    Posts:
    351
    Location:
    Adelaide, SA
    Company should be from $400 DIY or more if a Lawyer/Accountant fills in the forms for you and lodges them, most online services charge < $200.00 + the $400 ASIC fee.
     
  3. NickM

    NickM Co-founder Staff Member

    Joined:
    20th Jun, 2005
    Posts:
    321
    Location:
    Sydney
    Hi Dave
    Our firm charges $2200 for a HDT with a corporate trustee. This includes ABN, TFN registrations + advice and assistance in structuring the finance
    Yes, you can purchase a DIY company if you want to save a few dollars, but just make sure you get the directors & shareholders right from the outset.
    Cheers
    NickM
     
  4. DaveA

    DaveA Well-Known Member

    Joined:
    19th Feb, 2007
    Posts:
    617
    Location:
    Sydney, NSW
    thanks for your reply nick, i new you were pretty busy so i didnt want to both you on the phone.... 2200 is pretty good, under my estimate so im pretty happy...

    i was going to set up the HDT but no issue units, id only set it up purely for future reasons and use it as a DT for the moment... so the structuring of finance shouldnt be to much of an issue, however the advice would be the big difference from any other company...

    EDIT: just curious, how much do you charge for a normal HDT with out the company bit (either if you BYO company (with all the correct info), or its just an individual)

    cheers
     
    Last edited by a moderator: 30th Apr, 2007