When it comes to deciding which structure the business needs, you need to investigate each option carefully as all have advantages, disadvantages and responsibilities that need to be considered before making a decision.
Each structure also has different rules regarding issues such as tax, liability, succession, ownership and disposal of the business.
There are many reasons that you need to structure your business/s and investments appropriately which include:
Some potential structures can include partnerships, sole traders, companies, discretionary trusts, fixed unit trusts, hybrid unit trusts and limited partnerships. Then there are variations to the ownerships of those entities.
Save yourself the time, stress and sleepless nights by letting your Qgr Accountant or business advisor help you make the right decision.
There are many other variables that we take into account when looking at a structure for you to meet with your business objectives. We’ll work with you to find the best available solution for your business and give you all the advice you need to help in making the final decision to structure the business right.