Choosing the right corporate structure is an important early business decision. It will have a significant impact on your business’ legal liabilities and operational risk. Changing your business structure can be complex and challenging. Ideally, the assessment regarding the best structure for your business should be conducted early on. Restructuring of the business at later stages often triggers capital gain tax. As well as some of the business structures may expose business, and sometimes personal assets to be accessed by creditors. So, it is important to set up the correct business structure for your business from the beginning to ensure:
There are a few different types of business structures – partnership, company, trust, self-managed super fund (SMSF) – each with its own advantages and drawbacks. Accounting Industries individually structures your business to provide you with the greatest long-term benefits. Our evaluation will include the type of business you will be operating, growth plans, risk appetite, ongoing costs, executive structure, tax implications and more.
We go beyond advisory to assist with business and tax registrations. Our relationship can be ongoing at a fixed pricing. We will support you across all facets of accounting and bookkeeping through our efficient online platform.Book consultation now