Fric Management Group Pty Ltd ACN 091429560 #6634

Certainly Waz
The Fric Family Trust is the unit holder in the parent company that I own equity in. Fric Family Trust receives and accounts for all the profits received from the parent company. The Fric Management Group is the trustee vehicle, my personal operating company and the recipient of profits from the Trust. The structure has been in place for 17 years and operates to protect my personal assets and minimise tax. As the operating company Fric Management Group is the vehicle that is taking out the loan as no profits are ever kept in the Trust. The loan in this offering is personally guaranteed.
I hope this helps

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Fric Management Group Pty Ltd ACN 091429560 #6021

Hello Loopy
with respect to your question the smaller number of 57k represents the distributed amount to Fric Management for the purposes of tax. Ultimately the earning capacity of my business relates to the bigger number and my true capacity to service any loan amounts.
no assets have been pledged as security
Regards
Pedro

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Fric Management Group Pty Ltd ACN 091429560 #6019

The $803k refers to the earnings of the Fric Family Trust. Fric Management Group Pty Ltd, being the trustee of the Trust, received $57k for tax minimisation purposes.
I hope that helps but let me know if a more detailed explanation is needed

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