Start your company with the right structure
When you get your first investment, or your ready to turn your amazing product or idea from a garage or bedroom ‘science project’ into a real business, deciding on the correct business structure is something you need to get right. The last thing you want to do is waste money setting up a partnership or a trust, only to find you should’ve registered a company and you need to restructure your business.
Why Business Structure is important
Your business structure will have an impact on your personal asset protection.
It also impacts how much tax you pay and your legal liability for the businesses decisions. We recommend seeking advice from an accountant, lawyer and business advisor to help you determine the right structure. The last thing you want to do is waste money setting up a partnership or a trust, only to find you should’ve registered a company and you need to restructure your business.
What are the types of Australian business structures
We can help you decide on the right structure when setting up your company.
Here are some common business structures in Australia.
- Sole trader
- Company
- Partnership
- Trust
- Joint venture
- Co-operative
