One that gives you security for today plus room to grow and develop tomorrow.
Sole trader, partnership, joint venture, company or trust – each structure type offers you distinct advantages and limitations in tax planning, asset protection, business growth, business succession, introduction of new business owners and your own liability as owner.
Making the right choice can drive the future prosperity of your business – it demands sound legal advice. Our team of expert commercial lawyers will help identify the best-fit structure for you. Together, we weigh up your needs and expectations and then determine your ideal structure.
Once you have decided, Coulter Legal offers value-driven services to help you set up companies and trusts, and prepare the relevant agreements and all required documentation.
Enterprises evolve and transform. So do people. Although business structures are best sorted before you embark on your commercial venture, you may also consider restructuring an existing business. You’ll need to think about capital gains tax implications and extra legal and accounting costs. Knowing and assessing your options is critical.
Our commercial perspective gives you a professional level of scrutiny and uncomplicated, relevant advice you can understand and trust. Call us now or simply fill out the contact form on this page and we will contact you promptly.
The simplest business structure and consists of an individual trading on their own, managing and controlling their business.
This suits individuals who want complete control over their business.
A partnership consists of two or more people working in business together and sharing in the business’s profits and liabilities.
This suits two or more individuals looking to operate a business together with flexibility, without the need to create a company structure and avoiding rigid reporting obligations.
A trust structure is where a trustee (an individual or company) operates the business and holds property for the benefit of other people (the beneficiaries) and is established by trust deed comprising a discretionary trust or unit trust.
This suits businesses looking to have the ability to distribute assets and income to other beneficiaries (often family members).
Once you have the right structure in place, other legal documents that ought to be considered are:
which ought to be prepared or reviewed by a lawyer to protect your business.