Business Structure Advice?
Partnership, Trust, Joint Venture, Sole Trader or Company? Get It Right, From The Start.
When starting a business, one of the most critical business decisions you make is choosing the right business structure. There are many ways to run a business – you may want to be a sole trader and trade under a business name; you may want to enter into a partnership or a joint venture; you may want to set up a company. There are advantages and disadvantages of each approach, and depends on your specific business goals, so it is best to get some business structure advice on which structure is right for your situation.
At Cohen Lawyers, we take you through the advantages and disadvantages of business structures suited to your situation. The business structure you choose will have implications for your personal liability, risk exposure, set-up cost, ongoing administrative costs, and tax. Cohen Lawyers will help you consider important questions, such as:
- If you are entering into an arrangement with someone else, do you intend it to be long term or for a specific period?
- Do you need asset protection?
- What are the tax implications?
For business structuring advice tailored to you, reach out to our team of expert commercial lawyers today.