FORGOT YOUR DETAILS?

Logout

Business Structures

If you're thinking of starting a business or professional practice, or if you're currently in business you’ll need to look at the advantages and disadvantages of each different business structure and work out which structure best suits your needs.

Setting up the correct business ownership structure is an important part of your overall tax planning, asset protection and estate planning.

The four most common types of business structures in Australia are:

  1. Sole trader: an individual operating as the sole person legally responsible for all aspects of the business. Like other structures, as a sole trader you can employ people to help you run your business.
  2. Company: which is a legal entity separate from its shareholders.
  3. Partnership: an association of people or entities running a business together but not as a company.
  4. Trust: an entity that holds property or income for the benefit of others.

When we help you structure your business we take into account:

  • legal liability
  • tax implications
  • the cost of formation and ongoing administration
  • flexibility
  • Your future needs

Our team will get to know you, the type of business you operate, the regulatory requirements of your industry, your existing income and level of wealth, your long-term intentions for your business and whether you are building your business for lifestyle or eventual sale.

The benefit to you:

By setting up the correct ownership structures you will benefit from the peace of mind that  you are securing your financial future securing your financial future.

Why not let us check if you currently have the correct ownership structures or to help you set up the correct ownership structures – just click here

Relevant case study

Litigation2
Thursday, 06 June 2019 / Published in Uncategorized
When someone is building their career, they usually have so many different things to think about that they forget some of the most important issues. What I mean is that they forget to think about the future as they’re so caught up in the present. Take, one of my clients, Thomas, for example. He has
Tax Return
Friday, 26 April 2019 / Published in Uncategorized
Australia is an entrepreneurial country of more than two million small businesses. Perhaps it’s our “give it a go” attitude that sees so many of us decide to take control of our financial futures. Of course, without small businesses, our economy wouldn’t exist given some 97 per cent of all businesses are classified as ones

Interested in other services?

Sort By: Direction:

Book a consultation with Ken Raiss

and formulate a Strategic Wealth Plan for you, your family or your business

Metropole Wealth Advisory Pty Ltd is a multidisciplinary business that provides a number of services including Tax, Asset Protection, Structuring, Strategic Planning and Financial Services. Ken Raiss and Metropole Financial Planning Pty Ltd is only authorised by Infocus Securities Australia Pty Ltd (ABN 47 097 797 049) AFSL No. 236523 to provide Financial Services only.

Ken Raiss

​​​​​​​Director of Metropole Wealth Advisory

TOP