Which Structure for Small Business in Australia in 2023? (Company, Trust, Partnership, Sole Trader)
ฝัง
- เผยแพร่เมื่อ 7 ก.พ. 2023
- In this video, we discuss the most common small business structures in Australia for 2023:
• Sole Trader
• Partnership
• Company
• Trust with Company Trustee
• Company with Trust Shareholder
Wattle Accountants
Presented by: Craig Moschner CA, Principal Accountant
Website: www.WattleAccountants.com.au
Phone: 1300 945 895
Email: contact@wattleaccountants.com.au
Quote: www.wattleaccountants.com.au/...
Thanks
Clear and concise summary, thank you for the video
Trust with Company trustee vs company with trust shareholder: when would it be better for each setup?
Thank you!
This is so useful. I'm very new to all of this. I plan to start as a solo business person for my TH-cam and online ventures and would love to know more info on how to structure it.
Very good video!
Hi there, thanks for putting this together- really helpful. Just wondering about what the best option would be for a not for profit. I am looking to start up a business that would potentially have one or two other employees. Much appreciate any thoughts you may have. Thank you🙂
I am considerably more confused. So the company tax rate is 25% and pays income to the director and potentially my spouse, who then pays income tax.
But everyone keeps saying it’s a way to minimize tax. Even tho the money is being taxed twice. What am i missing.
I believe this is resolved with franking credits? Unsure
Hi Foetoid2k6,
We cover this common question in our video "Why Companies (PTY LTD) Don't Save you on Tax, Don't Believe the Hype!"
Link: th-cam.com/video/0XkwbDgW5OQ/w-d-xo.html
Hi. Thanks for the content. Can an offshore company be listed as a beneficiary of a trust in Australia?
Hi Patelsleydrums,
It is possible, you should ensure the trust deed is prepared correctly and the additional tax implications are managed by your accountant.
In case where the trust is the owner / share holder of company, when the trust winds up after 80 years. What happens to the business and company ?
Hi Mohana,
We would require more information to provide you with the advice, we recommend booking a consultation with one of our Accountants.
You can book a consultation using this link: www.wattleaccountants.com.au/home/get-started/
Be sure to have your original trust deed and any variations available to assist with your review.
Kind regards
✔️
Of all the structures, which one is best ?
Unfortunately there is no answer to this question as it depends on your circumstances.