A sole trader works for themselves, and is legally responsible for all aspects of the business, including tax and superannuation.
Structuring your business is one of the most important tax-related steps you can take as a business owner. Having the correct business structure from the beginning can help you scale and give you the tools you need to achieve your business goals.
Business structure advice from Clear Tax can:
In a nutshell, a business structure is the structure of an organisation recognised by the law for tax purposes. Business structures can be reconfigured to better meet the needs of owners or shareholders
Having the right business structure is important for your future success as a business. It can maximise returns, make your business more profitable and sustainable, and can mitigate legal and financial risk.
If you’re ready to investigate all the options available to your business, get in touch with our business structure experts today.
There are several main types of business structures, each of which has different operations.
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Clear Tax offers accurate and impartial support, advice, and services to help you structure your business. We can help you at any stage, from planning a new venture, to restructuring for the future. With our advisory services and strong experience in the field, we can help you grow sustainably while protecting yourself.
Get in touch with our Not For Profit expert accounting team today to find out how we can help you!
Business structure changes can improve processes and reorganise governance structures leading to more profits. You can change your business structure at any time. What you need to understand is the reasons for change, and the process you need to undertake to get where you want to be. Clear Tax can help you understand your position.
Sole traders have vastly different legal, tax, and reporting obligations. To walk you through how sole traders and companies different with regard to your specific situation, get in touch with Clear Tax.
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