Commercial Structures

One of the most important decisions that business owners have to make relates to the most appropriate commercial structure/s for their business.

Commercial Structures can range from a relatively simple sole trader set up to more complex structures such as:

  • Partnerships
  • Joint Ventures
  • Corporations
  • Trusts

or combinations of any of the above.

Structures can be established for one off operations (such as in a joint venture for a single project) and also for the continued operation of businesses.

Although the ideal situation is to set up the commercial structures prior to the commencement of trading, they can be set up after a business has commenced trading and should be attended to as early as possible.

Generally the aim of putting in place commercial structures is to:

  • Define relationships between parties participating in the business venture
  • Minimise tax liabilities
  • Protect exposure of business and personal assets

The appropriateness of commercial structures depends upon the individual circumstances of each case including any industry regulation that may be applicable to the venture.

That is why it is important to talk with us; we can assist in the establishment of the most appropriate commercial structure for you.