Strategic small business advice
Whether you need specialised business and financial advice on how to grow your business, a business valuation or a loan, we can help.
Running your own business offers many benefits in independence, flexibility, satisfaction or creating wealth for your next generation. However, it is a lot of hard work. There is also financial risk and your personal assets might be at risk if you leave behind a secure pay packet and company benefits such as superannuation and paid leave.
Structuring and Restructuring
It is import to select the right business structure to maximize the economic return and to minimize the legal and economic risk for the owners. Different structures offer different outcome for the tax liability arising from various transactions. Getting the structure right at the start can save money and time in the future. Although restructuring may be done in future it can sometimes involve complex tax, legal and administrative matters along with being costly. You may start your own business as a sole trader, trust or private company structure. As your business grows, you may consider asset protection, fund raising or tax liability.