Business Strategy / 22 Nov 2016
Don't Risk It
It’s not worth risking a business structure that is unsuitable for your needs.
The type of structure your business needs depends on many factors. The type of business you have, the industry you operate in, how you plan to develop your business over the long term and your exit strategy.
The business structure chosen can determine how much tax you pay, what you can do with your profits and even your personal risk and liability. Each structure has associated advantages and disadvantages and sometimes you may need a more complex hybrid structure to address all objectives and concerns.
It is important to assess all the requirements of your circumstances when deciding on your business structure. Unfortunately, too many business owners don’t get the advice they need when setting up their business structure. The result of this can vary from paying too much tax, to not being adequately protected from risk and litigation.
Speak to one of our experts to ensure you don’t get caught with an inefficient or unsafe business structure.