It's really important to choose the right structure and have it set up correctly at the start. If not, it will need to be corrected later, which can be time consuming, frustrating and expensive.
Business Trading Structure
This is the structure that you will be operating your business through. There are four structures commonly used for franchise businesses. These can be combined in different ways, depending on your circumstances and complexity of the franchise.
The four commonly used structures are:
- Sole Trader
This is a complex area and requires specialist advice. We have advised many franchisees on the most appropriate business structures for their situation. We would be happy to assist you with your needs.
Our business set up process:
Our business set up process will help you progress smoothly through this complex area of regulation and compliance. The steps we follow include:
Discussion of your circumstances and a personalized recommendation of the most appropriate business structure
Establish the business structure, including paperwork and documentation
Attend to registrations with the Australian Taxation Office for GST and Tax. We also deal with ASIC on your behalf and establish your Registered Office
- Check on your personal tax status with the ATO and advise you on any action needed to bring your personal tax up to date.
Fees: Range from $1,980 to $2,345 + gst - This includes set up costs for company and trust as required
* Stamp duty is charged at cost, where applicable.