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Choosing the Right Structure for Your Business Success

Selecting the right business structure is one of the most crucial decisions for any entrepreneur. The structure you choose impacts taxation, liability, legal obligations, and overall business operations. At Cantor Accounting, we help businesses make informed decisions to ensure financial efficiency and compliance with Australian regulations. ud83dudcde Call us (02) 9411 1134 or visit our website cantoraccounting.com.au to learn more.

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Choosing the Right Structure for Your Business Success

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  1. BUSINESS STRUCTURE ADVICE CHOOSING THE RIGHT STRUCTURE FOR YOUR BUSINESS SUCCESS Choosing the right business structure is akin to laying the foundation for a building – it’s essential for the stability, growth, and long-term success of your enterprise. Contact Now : (02) 9411 1134

  2. INTRODUCTION Selecting the right business structure is one of the most crucial decisions for any entrepreneur. The structure you choose impacts taxation, liability, legal obligations, and overall business operations. At Cantor Accounting, we help businesses make informed decisions to ensure financial efficiency and compliance with Australian regulations. TYPES OF BUSINESS STRUCTURES IN AUSTRALIA 1. Sole Trader ✔ Simple & Cost-Effective – Easy to set up and operate. ✔ Full Control – You make all business decisions. ✔ Tax Considerations – Income is taxed at personal tax rates. ✔ Liability – Unlimited personal liability for business debts. Contact Now : (02) 9411 1134

  3. 2. Partnership ✔ Shared Responsibility – Two or more individuals or entities share ownership. ✔ Tax Flexibility – Profits are distributed and taxed at individual rates. ✔ Legal Considerations – Requires a formal partnership agreement. ✔ Liability – Partners share responsibility for debts and obligations. 3. Company (Pty Ltd) ✔ Separate Legal Entity – Owners (shareholders) are not personally liable. ✔ Tax Benefits – Company tax rate may be lower than personal rates. ✔ Compliance Requirements – More regulatory obligations and reporting. ✔ Asset Protection – Personal assets are generally protected from business debts. Contact Now : (02) 9411 1134

  4. 4. Trust ✔ Asset Protection – Trust structure protects assets and distributes income efficiently. ✔ Tax Efficiency – Income can be distributed to beneficiaries in a tax-effective manner. ✔ Legal & Administrative Complexity – Requires a formal trust deed and trustee management. ✔ Best For – Families, investment structures, or high-asset businesses. Contact Now : (02) 9411 1134

  5. FACTORS TO CONSIDER WHEN CHOOSING A BUSINESS STRUCTURE Tax Implications – Different structures attract different tax rates and obligations. Legal Liability – Consider the level of personal risk and protection needed. Setup & Ongoing Costs – Weigh administrative costs and regulatory burdens. Scalability – Choose a structure that supports long- term business growth. Operational Flexibility – Ensure the structure suits your business model and objectives. HOW CANTOR ACCOUNTING CAN HELP At Cantor Accounting, we provide tailored business structure advice to help you: ✅ Select the best structure for your business goals ✅ Ensure compliance with Australian tax and legal requirements ✅ Optimize tax efficiency and protect your assets ✅ Plan for business growth and succession Contact Now : (02) 9411 1134

  6. Need expert advice? Contact Cantor Accounting today for a consultation and set your business up for success! ? Call us (02) 9411 1134 or visit our website cantoraccounting.com.au to learn more. 33 Myra Avenue RYDE NSW 2112 info@cantoraccounting.com.au

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