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Starting a business

When starting a business & deciding which entity to use (sole trader, trust, company) we focus of 4 things

 

1-Asset Protection - protecting business owners assets

2-Income Tax Minimisation

3-Capital Gains Tax Minimisation - when selling / exiting

4-Exit / Sale of Business

Other considerations include – director wages & super, work cover, image, note that some businesses will only deal with a company/trust as opposed to sole traders

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( Posted in: Starting a business )