About this service
Selecting the appropriate legal structure is one of the most crucial decisions you will make when starting a business. The structure you implement will have an impact on how much tax you pay, your legal risks, asset protection and liabilities to which you are exposed. Additionally, changing your structure down the track can result in unnecessary costs, including stamp duty.
The most common business structures used in Australia are sole trader, partnership, company and trust. There are advantages and disadvantages to each structure type and it is always best to seek professional advice from your solicitor and accountant before moving forward with any particular structure