Partnership, Trust, Joint Venture, Sole Trader or Company? Get It Right, From The Start.
When starting a business, one of the most critical decisions you make will be choosing the right business structure. There are many ways to run a business – you may want to be a sole trader and trade under a business name; you may want to enter into a partnership or a joint venture; you may want to set up a company. There are advantages and disadvantages to all, so it is best to get some business structure advice on which is right for your situation.
Our business structure advice comes with a clear set of advantages and disadvantages. The one you choose will have implications for your personal liability, risk exposure, set-up cost, ongoing administrative costs, and tax. Rose Lawyers will help you consider important questions, such as:
- If you are entering into an arrangement with someone else, do you intend it to be long term or for a specific period?
- Do you need asset protection?
- What are the tax implications?
It’s a lot to consider. Find the best model for your business and yourself by seeking business structure advice.