KMW Accountants and Advisors

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Business Structuring.

Choosing the right business entity for your business is one of the most important considerations when buying or starting up a business or expanding one. If you choose the wrong entity it could cost you thousands of dollars in extra tax or unnecessary compliance costs.

You should set up your business structure so it complies with tax laws and especially the tax avoidance legislation relating to your specific business type.

Other things you should consider when choosing a business structure include:

  • Protection of family assets
  • Maximising superannuation benefits
  • Income splitting
  • Limited liability
  • Family involvement
  • Capital Gains Tax liability
  • Ability to offset losses
  • Cost effectiveness
  • Forecast profit
  • Personal Services Income
KMW can provide you with advice on the right structure/s for your circumstances and general information on common business structures.