The Pro’s & Con’s of Choosing A Business Structure

Each business structure has different set up costs, ongoing costs and regulations, tax consequences etc.

The business structure determines your: responsibilities as a business owner, your tax liabilities, your potential personal liability, asset protection, ongoing costs and the amount of required paperwork .

A lot depends on the size and type of business, your circumstances and how much you plan to grow the business.

 

It’s important to talk to the tax and small business professionals at Forsyths to ensure the right structure is chosen for your business that will allow your business to expand with minimal future disruptions.

Click on the following links to discover a few of the basic pro’s and con’s of the various business structures:

---

 

Key Considerations Company Partnership Sole-trader

Trust Start A Business Buy A Business