We genuinely recommend that you seek professional legal advice before deciding on a business structure as everyone’s circumstances are different. When considering business structures, it is not a case of “one size fits all”.
Getting this right can you protect you from liability if there are unforeseen events and it may otherwise provide a more effective tax structure. Sometimes businesses start off in one structure and then move to another. Care should nevertheless be taken to get the structure right from the start so as not to trigger otherwise unnecessary capital gains tax events.
Getting the right setup at the beginning of a business will ensure that you have the following areas covered:
- Asset protection
- Limited liability
- Tax-effective structuring
- Minimize CGT
We can provide you with specific advice to assist you in choosing the right business structure. We will provide you with sound, down to earth legal advice, having regard to your circumstances.
Call us now on 1300 907 335 or simply fill out the contact form on this page and we will contact you promptly.