Are you wondering whether you have the best business entity structure for your business? Do you know all the advantages and disadvantages of each.
Common business entity types include sole-traders, partnerships, discretionary trusts, unit trusts, companies and self-managed super funds.
It’s important to ensure you have the correct entity set up for asset protection, cost effectiveness, personal liability and legal compliance. Each business entity structure has its own variables including risk minimisation, tax amounts, reporting, set up and annual fees.
Leenane Templeton can help with simple through to complex structures.