When starting a business, one of the most critical 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, depending on your specific business goals, so it is best to get some business structure advice on which structure is right for your situation.
Business Structure Advice
Choosing the right structure.
Questions we'll help you answer.
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.
- 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?
