business structure

Business Structure

When entering into a new business venture iti is important to choose an appropriate entity and structure to ensure tax minimisation and asset protection.

Types of purchasing entity could be:

1. Company

2. Joint Venture

3. Descretionary Trust

4. Unit Trust

5. Partnership

6. Sole Trader

While each of the above could be a suitable solution they each have their advantages and disadvantages which you should discuss with your accountant and lawyer.

Quick Tips

Discuss the various purchasing entity structures available with your accountant, they can advise on taxation, liability and assett protection best suited to your requirements.