Business Start-Ups & Structures
There are four main business structures commonly used by small businesses in Australia and we can help with them all:
Sole trader: an individual operating as the sole person legally responsible for all aspects of the business.
Partnership: an association of people or entities running a business together, but not as a company. A partnership is relatively inexpensive to set up and operate.
Company: a legal entity separate from its shareholders.
Trust: an entity that holds property or income for the benefit of others. Trusts require a formal trust deed that outlines how the trust operates, requires the trustee to undertake formal yearly administrative tasks and if you operate your business as a trust, the trustee is legally responsible for its operations. A trustee of a trust can be a company, providing some asset protection.
It is important to note that you can change your business structure throughout the life of your business.
We can help with the following:
- Corporate Structures
- Updating your business plan
- Business value maximisation
- Systems review
- Sustainability
- Strategic planning
- Financial diagnostic analysis
- Cash flow and profitability
- Corporate compliance
- Formation of trusts and new company registrations
- Provision of registered office services for service of notices
- Attending to ASIC returns and regular filings on your behalf
- Business name registrations and maintenance
- Preparing minutes and drafting resolutions.