Assisting with business structures in Newcastle, the Hunter and Sydney.
Are you considering which business structure would best suit your new professional practice? Or are you already running an established practice and want to ensure that the structure suits your needs?
It’s important that the structure of your professional practice suits the individual requirements of the professionals and the business. Gone are the days when professional practices were restricted to the traditional partnership structure. Regulatory changes in most professions have allowed professionals to choose from a range of practice structures, including:
- Sole trader
- Discretionary trust
- Partnership of discretionary trusts
- Unit trusts
- Service trust or service entity