The Legal Shop is the trusted partner for all business structuring needs in Australia. The right structure is crucial to business success as it sets the foundation for your business. It is crucial for new businesses and start-ups to get advice early on, as it can be costly from both a legal and tax perspective to restructure at a later time.
Our services include:
- Sole trader structures
- Partnership structures
- Company structures
- Trust structures
- Joint venture structures
Case Study: The Wrong Business Structure
As an online store owner, Sarah had a passion for fashion and a keen eye for business. She had started her own online store, selling a range of stylish and trendy clothing and accessories, and business was booming. However, as her business continued to grow, she began to realize that she had made a critical error in her business structure.
Sarah had originally set up her business as a sole trader, thinking that it would be the easiest and most straightforward structure for her small online store. However, as her business grew, she began to realize that being a sole trader was actually causing her more problems than she had anticipated.
One of the main issues Sarah faced was with taxes. As a sole trader, she was required to pay tax on all of her business income, which meant that she was paying a higher tax rate than she would have if she had set up her business as a company. This was eating into her profits and causing her to struggle financially.
In addition to the tax issue, Sarah also realized that being a sole trader exposed her to a greater risk of liability. If something went wrong with her business, she would be personally liable for any damages, which could potentially put her personal assets at risk.
If Sarah had spoken with The Legal Shop earlier, she would have saved money on taxes and protected her personal assets from liability. However, it is never too late to restructure if it is the best fit for your business.
Tailored Legal Services
At The Legal Shop, we understand that no two businesses are alike. That’s why we provide tailored solutions designed to meet your specific needs. Whether you’re just starting out or looking to restructure your existing business, we’re here to help.
With our business structuring services, you’ll benefit from:
- Expert advice from experienced lawyers
- A thorough analysis of your business needs and goals
- A clear understanding of the pros and cons of each business structure
- Assistance with all legal documentation and compliance requirements
- Competitive pricing
Our team has helped countless businesses choose the right business structure for their unique needs and achieve success. We’re proud to be a trusted partner in your journey towards building a successful business.
Next steps for your business
Contact us today to learn more about our business structuring services and how we can help you make informed decisions about your business structure.
