Choose your business structure wisely
Sole Trader
An individual person is the owner of the business and operates on their own
Partnership
Couples or groups running a business together as equals
Company
A separate legal entity run by directors and owned by shareholders
Trust
People or companies running a business for the benefit of beneficiaries
You can relax
Frequent Business Structure Gaffes
Acquiring growth investments while trading as a company
Having little or no planning for your exit or succession
Running a sole trader or partnership when other family members earn less than you
Owning your assets or running your business in one entity
Running a sole trader or partnership when you have assets in your name
Holding your company shares in your individual names
Next steps
Let’s see if we can save you tax and protect your assets better
There’s many factors to consider when setting up the ideal structure, including your growth outlook, current wealth and income, the industry and regulatory environment and whether you are looking to sell anytime soon.
Each structure has its operational pros and cons. Set up and ongoing compliance costs vary greatly between options. It’s vital however that the optimal structure is set up as early as possible to avoid any unexpected fees such as capital gains or stamp duties.
Of course, we can assist and are happy to set up a free initial chat and longer structuring sessions online.
And being a registered ASIC agent, we can effect all necessary changes ourselves at low cost, quickly and effectively.
Just book in here and we will get things moving.
Our happy clients
Australia’s First & Best!
Got a Burning Question? Let Us Help.
What is a tax structure?
If you earn a high income in Australia, you’ll get taxed accordingly –between 30% to 38% is not uncommon for those on top salaries. It’s one of the highest rates in the world. Quite simply, choosing an optimal legal tax structure could save you a lot in tax – that is you’ll keep a lot of your own money.
Which business structure is best for tax purposes?
There’s no one answer to this question. It very much depends on your current personal and financial situation, your future goals, your assets and if you own and operate a venture (or wish to). The optimal structure could be made up of several different structures and or entities. See above for further information or contact us today for a free initial chat.