Business Articles

Business Structures

BUSINESS STRUCTURESThis article is an overview of the most common business structures for small to medium-sized businesses in Australia. In choosing an appropriate business structure, there are several essential factors to consider: Asset protection Tax minimisation Growth of business Relationships among key stakeholders There is no perfect structure as such, and trade-offs need to be made between the above factors. The above factors may vary in importance depending on the particular business....

Money and your small business

Money and your small business Running a business means you need to wear quite a few hats; Managing your time, marketing your products or services, managing your employees, doing the work and keeping track of the money! In this article we’ll cover some strategies for managing the profits in your business and making sure you don’t pay any more tax that you are legally liable for. Understand that paying tax is an inevitable part of your business – having a tax bill means that your business is...

Asset Protection

Asset Protection Asset protection is one of the most important issues when considering wealth building. How tragic it is when people work hard for years to accumulate wealth, only to then lose it due to poor planning decisions. Threats to assets include loss in market value, physical destruction and litigation. Loss in market value usually results from poor investment decisions e.g. paying too much for assets which then subsequently decrease in value. Physical destruction can be easily...