There are many ways to structure your business, depending on your budget, risk factors and tax considerations.
There are 4 common structures used by Australian businesses – sole trader, partnership, company and trust.
Sole trader and partnership structures are easy to set up, but tend to offer minimal protection of your personal assets. Company and trust structures are more suitable for growing businesses, but involve more red tape and admin costs.
It’s a good idea to get a lawyer to help you work out the best structure for your business and complete the required paperwork and registrations. We have a range of fixed fee services for Business Structures. Get started now!
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