One of the most important aspects of starting a business is making sure you are set up in the correct structure. There are real advantages in choosing a structure best suited to the way you want to operate your business.
Setting up the most appropriate structure can protect your assets from future liabilities or for future generations whilst leaving you in control of the assets. Certain structures can be very tax efficient and can be used effectively to minimise capital gains tax on the sale of your business or investment assets.
In this reference guide we will explain the advantages and disadvantages of each of the following structures and their reporting obligations: