Bare Trust Package

Overview

Patricia Holdings offers a Bare Trust Package which provides full registration of a standard proprietary company including all necessary register documents to remain compliant with Corporations Law and a comprehensive Bare Trust Deed at a discounted price.

The package includes:

Corporate Trustee

"Proprietary Limited" companies are the most common form of Company and are often used as Trustees of various kinds of Trusts. The Board of Directors meet to make decisions about the Trust and have the discretion (as outlined in the Deed) when distributing the Trust's income or making other important decisions. While the Trustee of a Trust can be an individual(s), it is Patricia Holdings' recommendation that the Trustee be a company. There is a legal separation between individuals in their capacity as Directors of the company and their capacity as Beneficiaries or Members of a Trust or SMSF.

What is included in the company documents?

• ASIC Certificate of Registration
• A complete and tailored suite of documents completing your company register, including:
  • All necessary resolutions, applications, consents and registers
  • Share certificates
  • Copy of the ASIC Form 201
  • Letter to the ATO re appointment of Public Officer
  • Company Constitution
  • Allotment Journal
  • A helpful instruction letter

Bare Trust Deed

A Bare Trust (also known as an Asset Acquisition Trust, Custodian Trust or Debt Instalment Trust) is established to allow an SMSF to borrow money for purchasing assets like real estate, listed securities, units in a Unit Trust and even works of art. The Bare Trust holds these assets in trust for the SMSF without it being exposed to the usual risks associated with borrowing money.

If you are seeking a Bare Trust that is not being used for SMSF Borrowing, please contact us on 02 9953 2399.

What is included in the Bare Trust documents?

• A4 binder (white or grey)
• 3 (2 bound, 1 loose leaf) copies of trust
• A helpful instruction letter
• Consent to Act as Trustee
• Directors Resolutions consenting to act as Trustee