AL & Co Accountants PL T/A Business Structure Australia

Which Business Structure suits my BUSINESS?

Which Business Structure suits my BUSINESS?

Which Business Structure suits my BUSINESS?Which Business Structure suits my BUSINESS?Which Business Structure suits my BUSINESS?

We are here to help you!

Which Business Structure suits my BUSINESS?

Which Business Structure suits my BUSINESS?

Which Business Structure suits my BUSINESS?Which Business Structure suits my BUSINESS?Which Business Structure suits my BUSINESS?

We are here to help you!

* Happy Holidays from Business Structure Australia*

Wishing you a Happy Holiday season and prosperous New Year. Our office will close at 5pm on Friday 20 December 2019 and reopen on Monday 6 January 2020. Thank you for your support during 2019.   

ONLINE BOOKINGS

 Click on the link below to book your appointment now:

Starting a business? Consider your trading structure...

image6

So you got a business Idea...

The first step of starting your business is to choose and register your business structure correctly.

image7

What are the factors to consider when choosing the RIGHT Business Structure?

- Admin burden

- Cost vs Benefit

- Tax Implication

- Legal Protection 

- Asset Protection

- Ability to sell shares in future

- On-going cost

- Personal liability



image8

Types of business structures in Australia

- Sole Trader

- Partnership

- Company

- Family Trust

- Unit Trust

image9

So... Which Business Structure should I choose?

Do you need help? We can help you. 

 

It is important for you to get all your questions answered in order for you to make an informed decision.


We will explain to you in a simple easy to understand manner.


Business Structure Australia can guide you through the confusion. 

Do you know...

We are actually an accounting firm. We can give you professional accounting advice.

AL & Co Accountants Pty Ltd trading as Business Structure Australia

AL & CO ACCOUNTANTS PTY LTD T/A BUSINESS STRUCTURE AUSTRALIA

Do you know...

We can set up your Business Structure within 48 hours. This means that you can have your business running as soon as possible. 

TYPES OF BUSINESS STRUCTURES

Sole trader 


A sole trader is the simplest business structures. The structure is inexpensive to set up because there are few legal and tax formalities. If you operate your business as a sole trader, you trade on your own and control and manage the business. You are legally responsible for all aspects of the business – debts and losses cannot be shared.


 

Partnership 


For tax purposes, a partnership is an association of people who carry on a business as partners or receive income jointly. A partnership is relatively inexpensive to set up and operate. A formal partnership agreement is common, but not essential. If you operate your business as a partnership, control or management of the business is shared. Income and losses are shared among the partners. Each partner is responsible for the debts of the partnership, even if you did not directly incur or cause the debt.


 

Company 


An incorporated company is a distinct legal entity, regulated by the Australian Securities & Investments Commission (ASIC). A company is a complex business structure, with higher set-up costs and administrative costs because of additional reporting requirements.


 

Trust 


A trust is an obligation imposed on a person – a trustee – to hold property or assets (such as business assets) for the benefit of others. These others are known as beneficiaries. Setting up a trust can be expensive, as a formal deed is required and there are formal yearly administrative tasks for the trustee to undertake. A trust deed outlines how the trust is to operate.

image15

Do you know...

We can also provide other Accounting and Taxation Services


AL & Co Accountants Pty Ltd

 alcoaccountants.com.au

HOW CAN WE HELP:

 

Business Structure Australia can discuss with you the different types of business structures pointing out the advantages and disadvantages of each so that you can make an informed decision for your business.


We can advise of the Tax Implications (Income Tax, FBT and CGT) of each structure but importantly we can also discuss with you the Asset Protection issues related to each structure.


Other factors to consider includes:

  • Start up costs and ongoing costs
  • Who are your customers
  • Employee or subcontractor
  • Consider a business and marketing plan
  • Estimate your expenses
  • Complete a cash flow analysis
  • Apply for the required registrations and licences
  • If you need a business name apply for registration
  • Decide on a computer accounts package
  • Understand your tax obligations
  • Ease of understanding and ability to comply
  • Succession planning 

image16

Our Experience

Business Structure Australia has the experience and qualifications to  assist you in all your tax return needs ensuring you comply with taxation  law while minimising your taxation obligations.  

Why Us?

Getting your business structure right at the start is crucial. Saving you headaches and money down the track. Whether you are new to business, an  entrepreneur or experienced business owners., We want to give each of you the time and guidance you deserve.  

ONLINE BOOKINGS

 Click on the link below to book your appointment now: