Quote:
Originally Posted by MotherBear
Keep us posted on the campsite venture. It's going to be very interesting setting it all up. Something I'd love to have done myself, had I been a bit younger.
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It is going to take a while, the first step is to get the GST back on the land which will be our capital for building the shower block and putting in electric hook ups.
Then there are loads of resource consents to apply for which will also cost.
I did a business course a few weeks ago and learnt one useful thing
Set up a limited company to run the campsite, the company leases the land from our partnership. This means that if some idiot decides to climb up a power pole and gets electrocuted and they sucessfully sue, they can only claim on the company assets and not on the partnership assets ie they can never take the house or land from us.