Business Structures

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The right advice makes all the difference

Get smarter, sounder business structure advice today.

  • Lower your tax debt.
  • Create flexibility and room for growth.
  • Protect your business and personal assets.
  • Establish a last line of defence against disaster.

Whether you’re setting up a new business, raising capital, taking on a new partner or need a new business structure that will grow with you, the right business structure advice can determine whether you succeed or fail to reach your strategic objectives

Start with a business structure that grows with you

Setting up a new legal business structure is an intricate affair. Prioritising saving a few dollars is a false economy. It’s best to establish the most suitable business structure in the first instance and allow room for growth rather than relying on subsequent restructures to get to the right place.

Fortitude’s business structure consulting experts make it easier to find the perfect solution for you – personally, commercially, and from a tax perspective.

We guide you step-by-step through this complicated decision, ensuring you:

01

Have appropriate control, ownership and flexibility for future growth

02

Meet your operational and strategic needs

03

Accommodate your industry’s nuances and regulatory requirements

04

Consider your personal circumstances, goals and objectives

05

Minimise your tax exposure

06

Get adequate asset protection and succession planning.

We ask all the right questions to determine the most suitable business structure for you, conducting extensive interviews to find opportunities for improvement and provide implementation support.

Business structure advice isn’t set and forget.

No business is an island. As circumstances, regulatory, and industry factors vary over time, your business structure will need to adjust.

While we recommend establishing the right structure in the first instance, sometimes restructuring creates benefits unachievable when your business began.

Restructuring is more convoluted than establishing a new structure. However, it’s sometimes necessary if you’ve started with the wrong structure, you’ve exceeded all growth expectations, or unexpected events, changing circumstances, or legislative changes make it attractive or imperative.

We provide you with the right business structure advice and implementation support to help you get more of what you want from your business.

Provide for future growth, lower tax and risk with Fortitude’s business structure advice and services.

Book a free 30-minute consultation now on 1300 551 040 or email us for more information.

FAQs

What benefits can the right business structure provide?

The benefits of the right business structure include: 

  • Lower tax, thereby maximising your after-tax wealth 
  • Greater protection for both your business and personal assets, providing peace of mind 
  • Improved alignment with your industry’s operational and compliance needs, maximising efficiency and effectiveness 
  • Flexibility for future business growth and the ability to raise the capital needed to fund that growth 
  • Improved value and saleability of your business 
  • Effectively accommodating your personal circumstances, goals and objectives, including your succession and estate planning needs. 

When is it best to establish the business structure?

It’s prudent to establish the most suitable business structure from the outset. Starting ‘cheap’ is often a false economy for two broad reasons: 

  1. It will likely be a suboptimal structure that does not meet your longer-term needs, which may lead to higher taxes, operational issues, growth challenges, asset protection problems, and succession difficulties, etc. 
  2.  You will need to subsequently change structures, which is often complex, time-consuming, involves significant tax and is frequently impractical. 

How does Fortitude guide me through choosing the right structure?

To arrive at the ideal structure for you, Fortitude undertakes a thorough investigation to: 

  • Understand your personal circumstances, goals, and objectives 
  • Determine your business circumstances, goals, and objectives 
  • Establish your industry and market requirements. 

Once we have this information, we can recommend and set up the ideal business structure for you. 

What key factors are considered when recommending a business structure?

Some of the key factors Fortitude considers in making business structure recommendations include: 

  • Your personal circumstances, goals, and objectives 
  • Operational, strategic and industry needs 
  • Control, ownership, and growth plans 
  • Tax minimisation 
  • Asset protection and succession and estate planning. 

Is business structure advice ‘set and forget’?

While every effort should be made to establish the right business structure initially, it is not a set-and-forget proposition. Unforeseen changes in the: 

  1. external business environment, industry or market; 
  2. regulatory and legal environment; and 
  3. business strategy, operations or personal circumstances; 

can necessitate a change in structure. 

Fortitude can review your structure, when necessary and appropriate, guide you through the restructuring process, and assist with setup and transition. 

When is the right time to seek business structure advice?

Some of the key moments where business structure advice is often crucial include when: 

  1. Setting up a new business 
  2. Buying a business 
  3. Scaling a business 
  4. Raising capital 
  5. Introducing or exiting a partner.