We help you in choosing the best business structure that will suit your needs, your business plans and that will enable you in earning the best of all. We can assure that we will be able to set up the business structure of your desired choice on the same day or the next business day.
We can help you in setting up the right structure by considering the long-term tax implications and provide you the necessary advice whenever there are any changes in the applicable tax laws.
When evaluating the right business structure you need to consider the likely profitability of the business, the current tax position of all stakeholders and the risk profile of the industry. In some cases you might also need to consider if it will be easier to do business in your industry as a sole trader or company. As a consequence, we often find the business structure is a compromise based on the relative importance of these issues.
When it comes to business structures there are a range of options. The most common structures in Australia include sole trader, partnership, company and family (discretionary) trust. Below is a very brief summary of these structures and their tax treatment. Before you make a decision on which structure is the most appropriate for your business circumstances we urge you to contact us.