Business Structure

SERVICE OVERVIEW

Business Structure

We work closely with our clients to provide expert advice and a strategic roadmap to help them achieve their business goals. With so many complex applications and processes to manage when setting up or running a business, you can count on our business services to help you make the right decisions – both financially and operationally.

Our comprehensive services are designed to streamline key business processes, with specific advice related to your unique situation and goals.

Structure analysis & advice

Choosing the correct business structure is imperative, as this will affect things like how much tax you’re liable to pay, licenses you need and the setup costs you can expect. We’ll talk you through each business structure and their implications, to offer our expert advice on which you should operate on – keeping in mind your business’ current position and potential to scale.

The 4 main business structures are:

  1. Sole trader
  2. Company
  3. Partnership
  4. Trust

Company setup

Carter’s Tax Advisory can assist with the steps to registering and setting up a new company. A company is a relatively complex entity to set up, but Carter’s Tax Advisory can ensure you understand and comply with all obligations, and can provide bookkeeping systems to keep you on top of your finances from the get-go.

Trust setup

We can help with the setup of a trust, including the formal deed necessary to outline how your trust will operate. You’ll also have a dedicated consultant to help with administrative requirements throughout the year.

Partnership setup

Whether you’re entering into a General Partnership (GP), Limited Partnership (LP) or Incorporated Limited Partnership (ILP), we can ensure you conform to partnership laws and regulations in NSW.

ABN application

Carter’s Tax Advisory can take care of your ACN and ABN application with the Australian Government Business Registration Service. You’ll need this to ensure you’re paying the correct amount of tax, claim GST credits and get an Australian domain name for your website.

GST registration

We’ll advise if you need to register for goods and services tax (GST), and talk you through the process if necessary. We’re also there if you’re faced with an audit or require advice for GST or other indirect taxes.

Book a free consultation

Request a free consultation with Carter’s Tax Advisory in Western Sydney to discuss business structure for new businesses, or for advice when changing structure. Call us today

or email admin@carterstaxadvisory.com.au to speak to our team.