Many of our clients own their practice rooms. Whether you are a sole practitioner or a partner in a medical practice, there are a number of advantages to owning your own Practice Rooms including:
Purchasing a property to utilise as your Practice Rooms can be done in a number of ways. The most common way is via a Unit Trust if two or more parties are involved. Utilising a Unit Trust allows flexibility in whom the Unit Holders are, whether it is a Family Trust or Self Managed Super Fund (provided specific conditions are met). This structure also allows ease of additional Unit Holders or transfer of Units from one party to another. There are alternative ways of structuring this arrangement.
Would this arrangement suit you and your business? Make a start today and find out more. Get in touch with our team at BLG Business Advisers and fill out our form online or call (02) 4229 2211.