In Australia, there are certain recognised structures for businesses, which you need to understand if you are setting up, or thinking of starting a business.
The main business structures as defined by the Australian government are: Sole Trader, Company, Partnership, Trust Each of these has a different structure and is suitable for different types of businesses. For example, a company is a legal entity in itself, but a partnership is a structure involving a number of people who jointly carry out business activities together.
As professional accountants, we have worked with all types of business structures, and have extensive experience of what structure will work best for different types of enterprises. We are happy to provide help and advice to any entrepreneurs setting up in business, giving you the best possible chance of success.
Our specialists at A E Soliman have advised many Australian businesses about the best structure to use. We will take the time and trouble to consult with you, to allow us to understand your business needs, what you want to achieve, and the best way to take you forward in order to make your venture a success. We will explain the different business structures to you in detail, making sure you understand the key differences. We will also give you the benefit of our knowledge and experience by pointing you in the right direction, allowing you to incorporate your business in a way that will suit you and the industry you are entering. This approach is designed to give your business the best chance of flourishing in the future.
Don’t forget; we are always here to help. If you have any questions at any time, we are only ever a phone call away.