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FAQs - Business Structure

What should I consider in determining the business structure I should use?

 The business structure used should be chosen having regard to the following:

  • What type of business is it (business income or personal services)?;
  • Who will be the principals?;
  • What assets does the professional and his family own?;
  • What debts does the professional have?;
  • Do the principals want to borrow money from the company?;
  • Are new partners to be admitted into the future?;
  • Marriage status (children, etc) of the business owner?;
  • Rules of regulatory bodies?; and
  • How old are the principals? Is superannuation a major issue?

 

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Last Updated on Thursday, 22 August 2013 04:29
 

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