Which legal structure is best for my business?
Which legal structure is best for my business?
The Benefits
Ashmans regularly assist clients in choosing and establishing business and investment structures appropriate to their needs.
We will help you transition to a more effective business and investment structure to maximise your business profits.
The choice of an appropriate business or investment structure is crucial to maximising your returns and minimising the legal and economic risks.
It is very important to receive professional advice in order to choose an appropriate structure prior to commencing a business or acquiring an investment. In particular, this is because there are often substantial capital gains tax, stamp duty, and advisory costs involved in restructuring to a more appropriate or necessary structure.Having the right business structure in place is important as it can affect:
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Frequently Asked Questions (FAQ)
How your business or investment is structured is important in order to maximise your returns, while also minimising any associated legal and economic risks. There can be significant tax and legal implications if you attempt to change the structure of an existing business, so it’s important to make the right choices at the outset.
There are significant implications in terms of capital gains tax, stamp duty and advisory costs for setting up or restructuring a business or investment, and so professional advice is essential in order to fully understand the full range of tax and non-tax related factors.
A business with a turnover of less than $2 million is classified as a small business entity (SBE), which means there are a number of specific concessions available. These include Goods and Services Tax (GST) concessions and Pay As You Go (PAYG) instalment concessions, as well as Fringe Benefits Tax (FBT) concessions, excise concessions and capital gains tax concessions.
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