SMSFs wanting six members – Townsends Law ready to assist
With 6-member funds likely to become a reality very soon, if you or your clients want to establish or vary their fund to accommodate 6 members we’re ready to help.
Jeff Song at Townsends Business & Corporate Lawyers said they are ready to assist with:
Processes – our precedents are ready to take an order for a 6-member fund with the necessary changes to the various establishment documents.
- Corporate trustee – we are ready to set up your corporate trustee with 6 director/members and with the necessary amendments to the various constituent documents of the company and the weighted voting by directors to better reflect their account balances in the fund
- Fund deed – we’re ready with the relevant trustee powers not to mention the acknowledgement that the fund can have 6 members, and here also there’s the power to have weighted voting to protect the interests of members with materially higher account balances.
So, whether you want a 6-member fund because of a large family or you want to use the fund as a retirement vehicle for a number of different families, Townsends Business & Corporate Lawyers are ready to help.
https://www.townsendslaw.com.au/blb-news/852/6-member-funds-we-re-ready-if-you-are
For further information, call Townsends Business & Corporate Lawyers on (02) 8296 6222 or email info@townsendslaw.com.au