Company, trust or sole trader?
Growing a successful business comes with exciting decisions. Branding, uniforms, innovative products and services, a fancy HQ with beer on tap. But don’t forget about the all-important building blocks. These are your foundations that house the exciting stuff. Taking the time to talk to a specialist about the right business structure, financial plan and supporting processes to see your business grow long-term should be the first step.
This is just one of the many key questions we get to the bottom of. Making the right choice in terms of how you set your business up can make a dramatic difference come tax time. When it comes to starting something new, our TW Accounting team can help with every aspect of structuring it for success. Or if it’s time for change, restructuring brings with it a multitude of benefits. These are just some of the business structuring services we can help you with:
- Business structuring of start-ups, companies, trusts & partnerships
- Business restructures
- Business finance management
- Business plans
- Implementation of procedures & software
TW can help with
- Business start-ups
- Business structuring of companies, Trusts & partnerships
- Business finance
- Business plans
- Implementation of procedures & software
FAQ’s
Businesses come in all different shapes and sizes, however, the most common are sole traders, partnerships, companies, and trusts. Each structure has unique characteristics and tax obligations. As specialists in business structuring advice, we can help you determine the best approach for your business operations. Learn more about business structures here.
Our team can not only advise on choosing the right structure for your business operations, we can also assist with setting up this structure. When advising on business structure, we take into account things like tax minimisation, asset protection, legal obligations and growth.
Businesses grow and evolve, and your business structure should reflect this. While a small business may begin as a sole trader, it may evolve into a company or a trust, and the TW team can assist with these transitions.
