Business Structures Guide cover

If you intend to start a small business, discuss it with your chartered accountant and solicitor before business operations commence, prior to signing any contracts. It is essential to choose the most suitable type of entity to suit the personal circumstances of the business operators.

It can be expensive to switch from one business entity to another and there can be significant income tax implications from operating businesses in one entity as compared to another.

This guide contains the following topics:

  1. Sole Trader
  2. Partnership
  3. Partnership Agreement Checklist
  4. Family Trusts
  5. Discretionary Family Trust Diagram
  6. Example: Minute recording the First Meeting of Trustees
  7. Example: Minute distributing Trust Income for the year and approving Financial Reports
  8. Company



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