There are alternative legal structures to house your business operations and accumulated wealth. Each option contains pros and cons that need to be understood.
Are you aware of all the tax and compliance implications when considering the legal structure of your business operations or future investments?
Have you properly considered?:
- The costs of setting up new legal structures and associated ongoing compliance costs
- Taxation of income and flexibility to distribute profits and capital, access to taxation concessions and recoupment of losses (if applicable)
- Legal obligations of all parties involved (differentiating between legal/equitable ownership) and personal liabilities that may or may not be at risk
- Future changes in ownership (admission of new parties; also requirements on exiting and succession planning considerations)