We all want our business to grow. But this won’t happen without some forward thinking. There are many issues to consider when planning for growth – even if you are just starting out in business.As your business grows, you will have many exciting opportunities. But you will also face greater risks, increased costs and a heavier workload. When planning for growth, it is important you structure your business to ensure you can maximise opportunities and minimise risks.
Many small businesses start out as sole traders or partnerships but find they outgrow this structure. It can be very satisfying to be your own boss. But there are big risks involved too. And, unless you have access to large amounts of capital, your opportunities for growth may be limited. As your business grows, you may also have to change the way you manage your risks.
Most medium to large businesses choose to operate as a company or trust structure. There are good reasons for this as a corporate or trust structure offers a good way of limiting your personal liability if things should go wrong.
Our business structure services include:
Incorporation of Companies, Trusts & Partnerships
Business and ownership structures
Trusts, asset protection and estate planning
Self Managed Superannuation Funds