Entity Structuring / Restructuring
and Asset Protection
Deciding on the appropriate business structure is an important decision which needs to be evaluated with great diligence.
The main factors to consider:
Cost
Ease of use
Flexibility
Tax considerations
Protection of personal assets
There are a number of trading structures available and it may be a case of starting out as a Sole Trader/Partnership with an A.B.N. and converting to a Trading Company or Trustee Company at some time in the future, usually due to the increased turnover of the business, profitability and growth whereby the level of tax you are paying becomes too high.
Different structures available include:
Sole Trader
Partnership
Trading Company
Discretionary Trust - Trustee is either a Company or individual(s)
Unit Trust
Typically structures are geared towards the operations, for example Freehold Land and Buildings may be purchased in a Unit Trust or a Self Managed Superannuation Fund with the business operated via a Trading Company or another entity - the choice is very specific and protection of personal assets is of paramount importance especially where there is significant exposure to trade creditors whereby not only are the business assets at risk but also your personal assets.
We are experienced in this area and will have your business operating out of the most appropriate business structure whilst having personal assets protected from business creditors or a Trustee in Bankruptcy.