Business Structuring
Do you have the best ownership structure for your business?
Choosing the right structure might be one of the most critical decisions you make for your business. There are advantages and disadvantages to each of the available options, depending on your situation.
We’ll work through the pros and cons of company, trust, sole-trader and partnership structures as they relate to your unique business goals and unpack the major issues you need to consider when deciding which one to use. Most importantly, we’ll help you navigate the traps you need to be aware of, and how to use each structure to your best advantage.
Do you want to ...
Review your existing structure?
Make sure your assets are protected?
Change your ownership structure?
When contemplating the right structure, there are multiple aspects to consider. The size of your business will naturally influence your choice of structure, as well as how you want to run it. Risks, potential liabilities, partners or investors, and tax implications are all additional factors that influence the most appropriate structure for your circumstances.
The best structure is one that will protect your assets from threats such as creditors, bankruptcy and market changes and will also deliver the most advantageous tax benefits.
If you’re thinking about starting a new business, or it’s time to review your current structure to make sure it’s still right for you, we’ll help you explore all the options and get a clear understanding of the differences, advantages, and pitfalls.
Ensure you’re protected and getting the most benefit.
Is your current structure right for your business?
When was the last time you reviewed your business structure?
Businesses grow and evolve as they mature. As you encounter new challenges in a constantly changing landscape, you need to respond to factors like new markets, technology advances, staff changes, property purchases, and various conflicting priorities. As a business transforms, it’s not unusual for the original ownership structure to be less relevant in the face of a changing operating environment.
We recommend a regular review to make sure your structure is the right one for you. You could be missing out on significant tax savings, or even putting your assets at risk with the wrong structure in place. Thomas Gray will work with you to make sure your ownership structure continues to serve your best interests.
Tom helped me navigate a challenging landscape and plan for the future. — Vicky Graham
Get the best structure for asset protection
The right kind of ownership structure will help protect your family assets and keep them separate from business liabilities. There are many different asset types, each with its own risk profile that needs to be managed appropriately.
It’s important to keep personal, business, and property assets separate from one another, and there are many diverse approaches to doing this.
As a business owner, you pour yourself into your work. Make sure you have the right structures in place to protect your business and family assets — because how you manage this could save you from losing everything.
Talk to James and Tom today to get some perspective on your current position and the ways that you can structure your business to safeguard the things that matter most.
It was vital for me to have someone I could trust and take the stress away. Tom and his team are professional and proactive. They took care of everything. — Jonathan Bell
Structures for buying businesses and property
Are you considering purchasing property or another business to expand your operations, or even as an investment?
Having the right structure in place is crucial when you undertake these types of acquisitions. Protecting your assets, mitigating risks, and maximising tax benefits can all be significantly impacted by the way the business and the purchase itself are structured.
For example, you may need to contemplate how to protect yourself and your company from risks associated with a purchase — and there are a whole host of alternatives for how to manage this.
James and Tom will help you to tailor an approach that considers ownership, risks, and tax impacts, so that your purchase delivers the best possible outcomes.
Tom has been very helpful with starting up our new business. — Ridge Grimsey