By understanding your business and financial position, we will develop the most suitable structural recommendation for your business and also make sure you will understand the legal requirements of your business setup.

►BUSINESS STRUCTURE

It is very important to decide business structure that best suits your business needs. There are many factors to be considered such as: setup cost, business risk, asset protection, tax advantages, business growth plan, legal complexity, reporting issues etc.
There are four main types of business structures commonly used by small and medium businesses in Australia:

• Sole trader: an individual is the sole owner
• Partnership: an association of two or more partners jointly running a business together
• Trust: an entity that holds property or income for the benefit of others
• Company: a registered legal entity trade in its own right and separate from its shareholders

 
There are complex businesses that use a combination of operating companies, family trusts, corporate trustees and even partnerships between these trustees.  However, not every business needs a complex structure. Each structure has its own benefits and drawbacks.
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By understanding your business and financial position, we will develop the most suitable structural recommendation for your business and also make sure you will understand the legal requirements of your business setup.