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InspiredTechs
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PRO, post: 147163 wrote:
Hi and welcome

It will depend on who else is in the entity.

One of the issues with the company being a trading company, especially when you are starting, is that it pays 30c in the dollar tax from day one.

There will be other information that you may not wish to provide on a public forum regarding assets, relationships etc. But any information you can provide will help.

Darryl

Thanks for the detailed post Darryl
So i possibly may have set it up in reverse to what it should be?

Ok as for the questions

-individuals who need to have control of the business – Just me for now
-individuals who need to receive a financial benefit form the business – just me for now
-are all of the above related – yes
-do you intend bringing in non-related investors/owners into the business in the structure – Not currently but it potentially could down the track
-The state you want to establish the business in – NSW
-do you or will you at some stage lease premises – yes at some stage
-do you or at some stage will you have employees – yes
-do you or at any stage will you have creditors – unsure
-do you or will you service a large number of customers or will it be limited to a few – it could end up being a couple hundred customers
-what sort of services does the business provide and is it reliant on you (personal services income rules may apply) – Essentially being an IT managed service provider and IT services/support.
For now it is reliant on me, but in the next couple of years employees will be doing most.

Thanks for your help :)