Business Structuring
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Business structuring may sound like a trivial matter, and many overlook this business decision. However, deciding the best way to structure a new or existing business can ensure appropriate operational efficiencies and asset protection and help you avoid unwelcome tax implications. It can help you maximise your chosen business strategies for long-term and sustainable growth.
Before structuring the business, you need to consider the business’s type and size, financial requirements, tax position, and operation costs. Therefore, reviewing your expectations and long-term plans for your business is good. You may consider asking yourself the following questions before settling on a structure:
- How many individuals will be given the managerial role and be responsible for taking all the decisions?
- What type of business will you be running?
- What are your plans for expansion, growth, or an exit strategy likely to overtake in the short term?
- Will the business have separate intellectual properties from the founder?
- Are the profits going to be extracted or re-invested in the business?
- Is investment in the research and development department necessary for the business?
- What is the risk profile, and how are the founders limiting their liabilities?
It may get overwhelming to figure out such answers that can impact your business in the long run. Our team at Business Plans Pro will take the time to get to know you and your business to ensure we are structuring the right way for you. Our consultants will match your business with a structure that will steer it towards growth and innovation. Just contact us!
You can read our blogpost ‘Navigating Business Structuring: 9 Essential Tips for Success‘ or reads many other articles on Business plan here.
Time frame & Cost
Delivery Time Frame
Price
From $600 + GST (Business Structuring)
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