Choosing the correct and most appropriate business structure is a very important part of the due diligence in setting up a business.

There are many examples in the small business community where the wrong structure has been used.  Leading to unnecessary tax been paid and risk exposure to passive assets.

There are a number of business structures available that vary in complexity, each having there advantages and disadvantages.  They are also taxed differently.

Further, changing business structures can prove to be very time consuming and expensive.  Problems may also arise with notional capital gains events and other tax / duties.

There is also the risk if clients having a structure that is too complicated and not suited to there needs.  This has become more relevant with the changes in marginal tax rates over the years.

If you would like to discuss further please contact us:
McNamara and Co - Chartered Accountants, located minutes from the Melbourne CBD
www.mcnamaraandcompany.com.au/contact-us
Phone +61 3 9428 1062
Email admin@mcnamaraandco.com

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