Can we fix this?

Hi

We incorporated a company on 21/7/25.  Prior to this the business owners were working on the basis they would operate as a Partnership then advice was to incorporate a company.  Which they did.

Problem 1.  Neither of the Directors had a GST registered ABN at the outset of this.

Problem 2.  Both Directors started purchasing plant and equipment, legal advice etc for the new company prior to the company being incorporated.

Problem 3.  Both Directors made those purchases on the basis that the expense was a loan to the company.

I have a sinking feeling there is no way of being able to claim the GST on all of the equipment they have purchased prior to 21/7/25 given there was no company incorporate.  I can't even get the individual Directors to sell the equipment to the business as there ABNs are not GST registered.  Can someone tell me if I am correct (I am not an accountant) so am just using common sense here.

I really need to find a way to get a liability onto the company record for the loans though.  I am thinking I simply do a journal and add the liability (credit) and have the debit as being equipment the company purchases from the directors.  However can I do the same thing for services purchased e.g. legal advice?

Super disappointed for the lads as they have spent all their money and were relying on the GST credits back to pay for some things they can't get atm.  

Hoping someone has some creative ideas I can utilise.

Sharon