Lets skip the chitchat and get down to the nitty-gritty. Structuring for business (Partnership). Structuring for business (Trust). Structuring for business (Company). PO Box 5502, Maroochydore BC, Qld 4558.
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Home | netimpact.com.au Reviews
https://netimpact.com.au
Lets skip the chitchat and get down to the nitty-gritty. Structuring for business (Partnership). Structuring for business (Trust). Structuring for business (Company). PO Box 5502, Maroochydore BC, Qld 4558.
netimpact.com.au
Structuring
http://www.netimpact.com.au/Services/Structuring
When purchasing a business or restructuring your current situation you will need to decide what sort of entity you would like to operate your business in. You will need to consider factors such as the security of personal assets and choosing a tax effective structure. You also need to be aware of the Personal Services Income (PSI) rules. If these rules are not satisfied it may remove any tax benefit gained from a particular structure. PO Box 5502, Maroochydore BC, Qld 4558.
Sole Trader
http://www.netimpact.com.au/Services/Sole-Trader
If you operate a business in your own name, you are a sole trader. The profit is declared in the sole trader’s individual tax return and tax is paid on the individual’s marginal rate of tax. There is no asset protection for a sole trader which means if the business comes into difficulty personal assets may need to be used to pay business liabilities. PO Box 5502, Maroochydore BC, Qld 4558.
Services
http://www.netimpact.com.au/Services
Lets skip the chitchat and get down to the nitty-gritty. Structuring for business (Partnership). Structuring for business (Trust). Structuring for business (Company). PO Box 5502, Maroochydore BC, Qld 4558.
Partnership
http://www.netimpact.com.au/Services/Partnership
If you decide to structure your business as a partnership, you will need a partnership agreement that details how business decisions are made, how disputes are resolved and how to handle a buyout. Youll be glad you have this agreement if for some reason you run into difficulties with one of the partners or if someone wants out of the partnership. PO Box 5502, Maroochydore BC, Qld 4558.
Company
http://www.netimpact.com.au/Services/Company
A company is also a separate legal entity. A company has annual statutory reporting requirements each year and the company’s rate of tax is capped. Disadvantage of using a company is that the entity is not eligible to receive the 50% Capital Gains Tax discount on assets sold that were held for more than twelve months. PO Box 5502, Maroochydore BC, Qld 4558.
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Lets skip the chitchat and get down to the nitty-gritty. Structuring for business (Partnership). Structuring for business (Trust). Structuring for business (Company). PO Box 5502, Maroochydore BC, Qld 4558.
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