AL & Co Accountants PL T/A Business Structure Australia
We are here to help you!
We are here to help you!
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.
The first step of starting your business is to choose and register your business structure correctly.
- Admin burden
- Cost vs Benefit
- Tax Implication
- Legal Protection
- Asset Protection
- Ability to sell shares in future
- On-going cost
- Personal liability
- Sole Trader
- Partnership
- Company
- Family Trust
- Unit Trust
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.
We are actually an accounting firm. We can give you professional accounting advice.
AL & Co Accountants Pty Ltd trading as Business Structure Australia
• Initial advice – 1/2 hour Advice on suitability for Tax and Asset Protection & to take instructions
• Registration of ABN, TFN, GST, PAYGW, FTC etc
• Initial advice – 1/2 hour Advice on suitability for Tax and Asset Protection & to take instructions
• Registration of Partnership ABN, TFN, GST, PAYGW, FTC etc
• Initial advice – 1/2 hour Advice on suitability for Tax and Asset Protection & to take instructions
• Preparation of the Trust
• Registration of ABN, TFN, GST, PAYGW, FTC etc
• Second meeting to deliver and sign off on documentation & answer any queriesAdd a description about this item
• Initial advice – 1/2 hour Advice on suitability for Tax and Asset Protection & to take instructions
• Preparation and Registration of the Company with ASIC
• Registration of ABN, TFN, GST, PAYGW, FTC etc
• Second meeting to deliver and sign off on documentation & answer any queries
• Initial advice – 1/2 hour Advice on suitability for Tax and Asset Protection & to take instructions
• Preparation and Registration of the Company with ASIC
• Preparation of the Trust
• Registration of ABN, TFN, GST, PAYGW, FTC etc
• Second meeting to deliver and sign off on documentation & answer any queries
AL & CO ACCOUNTANTS PTY LTD T/A BUSINESS STRUCTURE AUSTRALIA
We can set up your Business Structure within 48 hours. This means that you can have your business running as soon as possible.
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.
We can also provide other Accounting and Taxation Services
AL & Co Accountants Pty Ltd
alcoaccountants.com.au
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:
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.
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.
Copyright © 2019 BUSINESS STRUCTURE AUSTRALIA | All Rights Reserved.
AL & CO ACCOUNTANTS PTY LTD T/A BUSINESS STRUCTURE AUSTRALIA
Suite 411, Level 1, 16 McDougall Street, MILTON QLD 4064
P: 07 3554 1311 | E: info@alcoaccountants.com.au