Whether starting a new business, buying into an existing one or looking to a possible future sale of a business there is a lot of information you need to consider. One of the most important decisions to be taken is deciding on which business structure to use. When choosing the most beneficial structure you must consider a wide range of factors, including, Long and short-term objectives, inherent risk of the business, Taxation and regulatory requirements and succession planning options.
There are various structures to think about when starting your own business or buying into an existing business. Typically, a business can operate as a sole trader, partnership or company. Each of these structures have different benefits and shortcomings therefore selecting the most suitable structure is crucial. Your individual situation will be different from anyone else.
How can we help?
Our team can design a business structure that will best suit your own circumstances so as to provide the best tax, asset protection, wealth creation and strategic planning outcomes.
We have advisory and tax teams that have many years’ experience in dealing with the needs of business owners to ensure that the appropriate business structure includes:
- A business structure that is tax efficient in both the short and the long term.
- Provides for risk minimisation and asset protection.
- Minimisation of compliance costs.
- Access to advantageous funding options and operational efficiencies to help grow the business.
- Transition of ownership in the case of family business succession.
Our team has significant experience in relation to multiple company/group re-organisations that meet the needs of its shareholders