Establishing a business
If you’re setting up a business there are a number of different legal structures each with their own advantages and disadvantages.
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Sole proprietorship - someone operating a business on their own with a business name registered in their state where they operate.
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Partnership - two or more individuals (or trusts) setting up a business to share the profits (or losses) according to the partnership agreement.
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Joint Venture - where two or more individuals or companies operate a business without forming a company or a partnership.
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Proprietary Company - up to 50 shareholders can set up a business protected by limited liability.
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Trust - individuals do not own a business in their own names for asset protection or to split income with family members.
We can advise on the best structure for your business, explain the legal implications, prepare and lodge all the documentation required.
For business and commercial legal issues contact us to discuss your requirements.
