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Business Structure Advice - Choosing the Right Business Structure for Success

Business Structure Advice helps you choose the right legal and financial setup for your businessu2014whether it's a sole trader, partnership, company, or trustu2014based on your goals, tax situation, and risk exposure. Cantor Accounting provides tailored guidance to ensure your structure supports growth, compliance, and long-term success.

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Business Structure Advice - Choosing the Right Business Structure for Success

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  1. Choosing the Right Business Structure for Success • BUSINESS STRUCTURE ADVICE Cantor Carnevale & Co is single partner firm of Chartered Accountants and Certified Practicing Accountants conveniently located in Ryde.

  2. INTRODUCTION WhyBusinessStructure Matters Affects your legal liability Influences tax obligations Impacts control and management Determines compliance and setup costs

  3. ABOUT CANTOR CARNEVALE AND CO • Get the experts on your side. Cantor Carnevale and Co is a single partner boutique firm of Chartered Accountants, Certified Practicing Accountants and Financial Planners, based in Ryde. We provide highly personalised, practical advice on all aspects of taxation and financial accounting.

  4. OVERVIEW OF BUSINESS STRUCTURES (AU) • Sole Trader • Partnership • Company • Trust

  5. SOLE TRADER • Pros: • Simple and low-cost setup • Fullcontroland decision-making • Taxed at individual rates • Cons: • Unlimited personal liability • Harder to raise capital • Limited tax planningoptions

  6. PARTNERSHIP Pros: Shared responsibilities and skills Simple and affordable to start Flexibility in income distribution

  7. Cons: Joint liability for debts Risk of disputes Not a separate legal entity

  8. COMPANY (PTY LTD) Pros: Separate legal entity Limited liability More attractive to investors Greater tax planning opportunities (flat corporate rate) Cons: Higher setup and compliance costs ASIC and tax reporting obligations Director duties and potential penalties

  9. TRUST (DISCRETIONARY OR UNIT) Pros: Asset protection Flexible income distribution Tax-effective for family businesses Cons: Complex to set up and administer Ongoing trustee obligations Potentially higher accounting/legal costs

  10. CHOOSING THE RIGHT STRUCTURE • Consider: • Business goals and growth plans • Profit expectations and tax rates • Risk exposure and asset protection needs • Investor or partner involvement • Exit strategy and succession planning

  11. CASE STUDIES (OPTIONAL) Example 1: Freelancer → Sole Trader Example 2: Family business → Discretionary Trust Example 3: Start-up with investors → Company structure • CANTOR ACCOUNTING CAN HELP We offer: Personalised structure advice Business setup and registrations Ongoing tax and compliance services Asset protection and planning Support at every stage of your growth

  12. OUR DIFFERENCE ✔ Local expertise, North Sydney-based ✔ Transparent, fixed-fee pricing ✔ Advice tailored to your industry and goals ✔ Trusted by small businesses and startups • LET’S TALK Book a free consultation 📧info@cantoraccounting.com.au 🌐 www.cantoraccounting.com.au 📍 North Sydney, NSW

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