Business structure is the backbone of every decision making keeping in mind the complex tax laws. Selecting a right business structure without professional advice can be daunting in some cases. We at CTLA helps our clients specially those who are novice. We advise our clients by listening/discussing their end objectives of doing the business, or what they expect as a reward/outcome.
Whenever we provide advice on business structures we always take into account the following:
- Income Tax
- Asset Protection
- New Business Partners or Investors
- Legal Requirements/compliances
- Capital Gains Tax Concessions etc.
When evaluating the right business structure client need to consider the likely profitability of the business, the current tax position of all stakeholders/partners and industry risk profile. A range of business structure options includes:
- Sole trader
- Company and Family (discretionary) trust
- Unit Trust
The process of selecting an appropriate business structure involves discussion with client in detail about their industry, Industry experience, objectives etc. Formulate a business plan, assist them in finalizing a business structure which tick all the boxes.
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We pride ourselves on providing professional service that will save you time and money. Contact us today to speak to our experienced agents & arrange a consultation.