Are you considering which business structure will best suit your new professional practice? Or are you already running an established practice and want to ensure that your structure best suits your needs? It’s important that the structure of your professional practice suits the individual requirements of your profession and the business.
The purpose of our Successful Structuring For Professionals eBook is to provide a guide on choosing the right business structure to fit the goals and needs of your practice. This involves outlining the features, advantages and disadvantages of different business structures, such as:
- Sole trader
- Partnership
- Company
- Discretionary trusts
- Unit trusts
It is also important that your chosen professional practice structure is efficient in terms of taxation and maximises asset protection. Our eBook provides a simple summary of these issues. However, it is important to keep in mind that this is a complex area of accounting and law and seeking professional expert advice on your specific circumstances is always advisable. We hope that you can use this eBook as a guide to understanding professional practice structuring so that you can communicate your unique needs to your business advisors.
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