Business Structures Guide: Company Vs. Sole Trader Vs. Trust
There are many important choices that need to be made when running a business. One of the most crucial considerations is the business structure. Unfortunately many individuals looking to start their own business or those who are currently running a business lack the proper knowledge and advice needed to make the right choice for their business structure.
This business structures guide outlines several of the most popular business structures available and assesses each against a range of criteria to examine how each business structure stacks up. The business structures considered include:
- Sole Trader
- Family Trust (aka family trust)
- Unit Trust
- Hybrid Trust
Contained In The Business Structures Guide
Introduction and contents
Overview of Business Structures
We provide an outline and example of each business structure.
Criteria For Assessing Each Business Structure
Outline and explanation of the criteria used to assess each business structure.
Tax Efficiency – how each business structure stacks up in terms of tax efficiency
Small Business Tax Concessions – why these are such an important consideration
Asset Protection – what levels of asset protection are afforded by each structure
Estate and Succession Planning – which structure affords the best estate planning provisions