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Can the foundation borrow money from a bank?

September 18, 2020 admin 1 Comment

As your foundation is private and does not submit tax returns, BAS returns and has no real requirements to keep…...

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Posted in: Foundations

Centrelink and Govt Benefits

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This topic will be so very different for every family situation. So please keep all of this in mind when…...

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Can the foundation have employees?

September 14, 2020 admin

Yes and no, and 5 shades of grey. If you want to keep the foundation in the private world, then…...

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Is a foundation a legal entity?

August 3, 2020 admin

To answer that question you first need to know the difference between Private and Public. A public entity is one…...

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Record keeping in the foundation

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If you operate your business through your foundation or not, you can decide how much bookkeeping you want to do.…...

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Grants

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Your foundation is able to apply for community or government grants but these grants MUST follow the grant guidelines and…...

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Incoming funds

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Your foundation is able to operate similar to a business and can receive funds from participants, members and from the…...

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Minutes and Meetings

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Your foundation or trust will be required to hold a minimum of one meeting annually. The purpose of the meeting…...

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ATO Assessment

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How do the principals or trustees assess the funds? A private foundation or private trust is operating outside of the…...

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Setting up your foundation bank account

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How to set up your private foundation bank account

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Trading with other businesses

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What do I do when other businesses don’t want to do business with the Foundation? There are several ways to…...

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