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What Business Structure Should You Have? The Right Business Structure Can Save You Tax!

Don’t underestimate the benefits of correctly structuring your business and don’t let someone set up a structure for you without fully explaining your legal obligations for the structure. We have seen it time and time again where businesses are operating under structures that are just not right for their individual circumstances.

Your business structure can separate you from your business, meaning you have a saleable asset when you decide you no longer want to run your business.

Choose the business structure that is right for you!

When it comes to business structures you have four main choices;

  1. Sole Trader
  2. Partnership
  3. Trust
  4. Company

Each structure offers a different level of asset protection as well as legal requirements. It’s best to speak to an expert to discuss your individual circumstances and goals.

‘Great oaks from little acorns grow’