Business Structures

It's really important to operate your business through the right trading structure. There are four types of business structures which are commonly used. They are:

  • Sole Trader

  • Partnership

  • Company

  • Trust

Each of these structures has different implications for the amount of tax you pay, and also how well your assets are protected. That means it’s really important to get the structure that suits your circumstances the best.

Ideally, your structure will be flexible enough to handle your current situation and be able to deal with any changes that occur in the future.

If you get the wrong structure, you could end up paying more tax than you need to. And you might find your assets have not been protected in the most effective manner.

That’s why we think it’s essential you get specialist franchise advice on this. We’ve advised hundreds of people on the most appropriate business structures for their situation. We’d be happy to chat this through with you to find the structure that best suits your needs. Click on the ‘Contact Us’ button and send us a note to discuss.

 

Our business set up process:

Our ‘Business Set-up Process’ will help you through this tricky area of advice, regulation and compliance. The steps we follow include:

  1. Discuss your situation and recommend the most appropriate business structure

  2. Establish the business structure, including all paperwork and documentation

  3. Attend to registrations with the Australian Taxation Office for GST and Tax.

  4. Deal with ASIC on your behalf and establish your Registered Office

  5. Check on your personal tax status with the ATO and advise you on any action needed to bring your personal tax up to date. 

Click the ‘Contact Us’ button so we can get started.