Business Structure Advice - Choosing the Right Business Structure for Success
Business Structure Advice helps you choose the right legal and financial setup for your businessu2014whether it's a sole trader, partnership, company, or trustu2014based on your goals, tax situation, and risk exposure. Cantor Accounting provides ta
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Presentation Transcript
BUSINESS STRUCTURE ADVICE Choosing the Right Business Structure for Success Cantor Carnevale & Co is single partner firm of Chartered Accountants and Certified Practicing Accountants conveniently located in Ryde.
INTRODUCTION Why Business Structure Matters Affects your legal liability Influences tax obligations Impacts control and management Determines compliance and setup costs
ABOUT CANTOR CARNEVALE AND CO Get the experts on your side. Cantor Carnevale and Co is a single partner boutique firm of Chartered Accountants, Certified Practicing Accountants and Financial Planners, based in Ryde. We provide highly personalised, practical advice on all aspects of taxation and financial accounting.
OVERVIEW OF BUSINESS OVERVIEW OF BUSINESS STRUCTURES (AU) STRUCTURES (AU) Sole Trader Partnership Company Trust
SOLE TRADER Pros: Simple and low-cost setup Full control and decision- making Taxed at individual rates Cons: Unlimited personal liability Harder to raise capital Limited tax planning options
PARTNERSHIP Pros: Shared responsibilities and skills Simple and affordable to start Flexibility in income distribution
Cons: Joint liability for debts Risk of disputes Not a separate legal entity
COMPANY (PTY LTD) Pros: Separate legal entity Limited liability More attractive to investors Greater tax planning opportunities (flat corporate rate) Cons: Higher setup and compliance costs ASIC and tax reporting obligations Director duties and potential penalties
TRUST (DISCRETIONARY OR UNIT) Pros: Asset protection Flexible income distribution Tax-effective for family businesses Cons: Complex to set up and administer Ongoing trustee obligations Potentially higher accounting/legal costs
CHOOSING THE RIGHT STRUCTURE Consider: Business goals and growth plans Profit expectations and tax rates Risk exposure and asset protection needs Investor or partner involvement Exit strategy and succession planning
CASE STUDIES (OPTIONAL) Example 1: Freelancer Sole Trader Example 2: Family business Discretionary Trust Example 3: Start-up with investors Company structure CANTOR ACCOUNTING CAN HELP We offer: Personalised structure advice Business setup and registrations Ongoing tax and compliance services Asset protection and planning Support at every stage of your growth
OUR DIFFERENCE Local expertise, North Sydney-based Transparent, fixed-fee pricing Advice tailored to your industry and goals Trusted by small businesses and startups LET S TALK Book a free consultation info@cantoraccounting.com.au www.cantoraccounting.com.au North Sydney, NSW
