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Company Constitution Variation to LightYear Docs SMSF Special Purpose Company

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Company Constitution Variation to LightYear Docs SMSF Special Purpose Company

$129.00

The LightYear Docs special purpose SMSF company trustee is a basic version of a company. It does not pay dividends as its sole purpose is to act as a corporate trustee of a SMSF. A standard company may change its constitution under the Corporations Act 2001 to a special purpose corporate trustee.

The Corporations Act 2001 provides special recognition for a company acting as a trustee of a SMSF. If certain requirements are met the company only pays ASIC annual fees of $53, or if paying in advance for 10 years (highly recommended) a fee of $370.

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Description

The LightYear Docs special purpose SMSF company trustee is a basic version of a company. It creates a company that does will not pay dividends as its sole purpose is to act as a corporate trustee of a SMSF. A standard company may change its constitution under the Corporations Act 2001 to a special purpose corporate trustee.

A Board of Directors may resolve to upgrade the company’s constitution to the LightYear Docs SMSF Special Purpose Company.

► $129.00 (inc GST) – OR provided under your unlimited membership

► The master document has been signed off by Abbott & Mourly and is congruent with Australian law.

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