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Business Structure

Send us a text (https://www.buzzsprout.com/twilio/tex...) One of the first things you need to think about when setting up your business is which business structure you will operate under.  This is also relevant when your business is undergoing change, such as more employees, higher volume of goods and larger profit to name a few. There are several options for business structure and in this episode I share some key areas for you to think about when determining the right one for your unique situation.  I touch on operating as a sole trader, corporate entity and partnership and some of the distinguishing features of each structure.  I share some insight on points to consider such as the long term vision of your business, your personal liability and the flexibility you wish to have moving forward. Although changing your business structure down the track is doable, by getting it right at the start you’ll be doing yourself a great favour and avoid some potential headaches in the future.   LINKS: Website:tmsolicitor.com.au (http://tmsolicitor.com.au/) Instagram:  / tmsolicitor   Facebook:  / traceymylecharanesolicito   (  / traceymylecharanesolicitor  )