Business Structure & Legal Framework

🏢 Corporate Structure

Douglas Enterprises Limited

Owner: Jenny Douglas (100%)

Owns ALL Assets: Buildings, sheds, land improvements

⬇️ LEASES ASSETS TO ⬇️

Max Storage Limited

Operations Only - Owns NO assets

Runs the storage facility business

👥 Ownership Structure

Person Shareholding Status Location
Ed Douglas 24% Director Auckland
Tom Douglas 24% Director Tauranga
Connor Douglas 24% Shareholder Christchurch
Jenny Douglas 28% Shareholder, Asset Owner -

Note: Ed, Tom, and Connor all operate at the same level without specific assigned roles.

💰 Financial Structure

Loan Amount:$470,000
Interest Rate:6.2% p.a.
Monthly Interest:$2,428
Source:Bank (via Jenny)
Security:Jenny's rental properties
Break-even:4-5 large units @ $110/week OR mix of large and small units

✅ Setup Status

  • ✅ Company Registration Complete
  • ✅ Domain: maxstorage.co.nz
  • 🟡 Bank Account (accountant handling)
  • 🟡 IRD Number (accountant handling)
  • 🟡 GST Registration (accountant handling)
  • ⏳ Insurance (FMG - post-construction)

🎯 Why This Structure Works

  • Asset Protection: Max Storage owns no assets - all protected in Douglas Enterprises
  • Tax Efficiency: GST claims through farm operations
  • Risk Mitigation: Business risks cannot affect property ownership
  • Growth Ready: Can expand to multiple sites without restructuring
  • Professional Setup: Designed by accountant and lawyer