I registered a company as I wanted to register a property under Company name as I was having issue with bank for which I was trying to apply loan under Unit Trust structure. But now I have changed lender which will work well under unit trust structure, challenge is that the company I opened, I had requested ABN and TFN which makes it trading company now. I know I can cancel ABN number, but not sure about TFN. Should I use this company at all or should I open a new Trustee company for Unit trust. Is there a better way to use the existing company that I have opened and use it as trustee company, which saves hassle of cancelling everything and waste of money.
Having a TFN or an ABN doesn't make a company a trading company. Sounds like you need legal and tax advice.
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