John is the sole member of his SMSF and is the sole director of the fund’s corporate trustee. After seeking financial and tax advice on the benefits of owning a property in his SMSF, John decides to sell his investment property valued at $1m to his SMSF.
sole director
SMSFs – check your sole director has been appointed as secretary as well
You may not want to have another person involved in your SMSF or Trustee Company and so having a second director or an independent secretary may not be of interest to you. However there are many practical benefits to having the sole director appointed as the secretary, including being able to sign documents under s127 […]
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