Mortgage Broker Business structure

Hello,

Myself and my partner are planning to start out as mortgage brokers and was wondering whats the best business structure for a mortgage broker start-up ? Both of us have other full-time jobs and this mortgage broker business will be on a part-time basis initially and later slowly move into full time once the business is established.

I was thinking to register a single company (both of us providing mortgage broker services through this same company) and owned by a discretionary trust (myself, partner and 2 kids as beneficiaries). Is this possible or alternatively is it better to have two separate companies owned by a discretionary trust (myself, partner and 2 kids as beneficiaries)?

Just wondering how other mortgage brokers have done it out there? Any info would be much appreciated.

Thanks in advance,
Jose

 

what do you mean by 'partner'?

 

Sorry. I meant my wife.

 

broadly speaking that might be a good way to structure it.