Starting a new business or selecting the right business structure is an important decision. If you are looking to establish a new business, register a company, set up a trust or corporate trustee, or restructure an existing business, we can assist you in understanding the available options and their potential implications.

Businesses may operate under different structures, including sole trader, partnership, company and trust structures. The most suitable structure will depend on your individual circumstances, business activities, commercial objectives and compliance requirements.

Company and trust structures each have different features that may affect matters such as:

• Business ownership and decision-making
• Tax obligations and reporting requirements
• Profit distribution and treatment of losses
• Legal responsibilities and compliance obligations
• Setup, administration and ongoing costs
• Asset ownership and risk management considerations

There is no single structure that is suitable for every business. The appropriate structure will depend on factors such as your financial circumstances, the type of business activity undertaken, relationships between relevant parties, future business plans and commercial objectives.

We can assist you in understanding the practical and taxation considerations associated with different business structures so that you can make a more informed decision based on your circumstances.

Our Services Include

• Assistance in understanding different business structure options
• Company registration
• Trust establishment and corporate trustee registration
• ASIC company registration documentation
• Trust and company legal establishment documentation
• ATO registrations including TFN, ABN, GST and PAYG withholding (where required)
• Assistance with business setup documentation required to commence operations, including documents commonly requested for business banking purposes

Please note that the suitability and outcomes of any structure will depend on individual circumstances and may require consideration of taxation, legal and commercial matters.

If you would like to discuss your circumstances or arrange a consultation, please contact us on 0405 735 555 or email us at rs@nexoaccounting.com.au and we will be happy to assist you.