Category: Structure

Written by seriously good accountants. For business owners who want to understand their numbers, make good decisions & grow.

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What the small business restructuring reforms could mean for your business

Restructuring your business may seem like a daunting process. Something you never thought you’d have to do, so instinctively want to avoid at all costs. However, you’re not alone when dealing with the difficult conditions facing you in the short-term future. While JobKeeper and other government…

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Filed Under: Business Advisory, Structure

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The Pros & Cons Of A Partnership As A Business Structure

If you’re looking to go into business with someone, the chances are that you might be looking at using a business structure known as a partnership. A partnership is a type of business structure that is made up of two or more people who distribute income or losses between themselves…

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Filed Under: Business Advisory, Growth, Structure

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Why Should You Use A Corporate Trustee Instead of Individuals For A Family Trust?

A family trust is a great structure.  It provides tax flexibility whilst giving you asset separation in two directions.  But what does asset separation in two directions mean? And why might we suggest it to you as a recommendation? Asset Protection First of all, why do you want asset separation?…

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Filed Under: Business Advisory, Growth, Structure

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I want to start a business; What do I do?

Getting off on the right foot Many people manage to get their new business up and running through sheer hard work, determination and a driving passion for what they do.  Sadly, statistics show a significant number of small businesses fail within the first 18 months.  While enthusiasm and hard work…

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Filed Under: Business Advisory, Growth, Leadership, Management and Strategy, Structure

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Company directors: Do you REALLY know your responsibilities?

As though business owners and principals don’t already have enough on their minds, discussion about the ups and downs of the business environment is being heard around the barbecue again — just to add to the list of excuses for not sleeping well at night. Company directors especially need to…

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Filed Under: Leadership, Management and Strategy, Structure

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I Want To Buy A Business; What Do I Do?

As droves of baby boomer business owners begin to retire, more and more and looking to sell their small business. That represents a real opportunity. If you’re considering buying an existing small business, it may be a brilliant decision, providing you go about identifying the right business the right way…

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Filed Under: Business Advisory, Growth, Structure

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How To Choose The Best Legal Structure For Your Business

While many prospective small business owners pour countless hours into understanding their market, their customers and their products and services, few devote as much energy to evaluating and choosing the best legal structure for their business. Like it or not, your legal structures can shape your business’ evolution. There are…

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Filed Under: Business Advisory, Structure

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Professional Business Partnerships: Are Your Partners Just There For The Ride?

Partnerships are one of the oldest business models in existence. Over the centuries, it has proven to be an effective business model, particularly for the members of professionals, lawyers and accountants. Partnerships are a good capital raising method. By providing an exit strategy for retiring partners and a buy-in mechanism…

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Filed Under: Structure