Home – New Forums Starting your journey business structure confusion Reply To: business structure confusion

#1180294
James Millar
Participant
  • Total posts: 1,739
Up
0
::
centennial, post: 210286 wrote:
I have managed to speak to Nick which turned out to be very informative conversation. Thereafter I spent couple of more hours to read more about business structure but couldn’t find clear list of eligibility for each business structure.

I have been suggested to go for Sole trader but not sure why I cant open the company (I had company in England) which is more likely to be tax efficient, albeit difficult to manage.

any ideas please ?

There are lot of potential issues to consider based on your circumstances (including tax residency both now and in the future). I think you may find its a case that there is a limit to how specific advice can be without evaluating all of the facts carefully and then preparing considered (and insured) advice. You will probably need to engage and pay for an accountant to handle this for you.

Helping build better businesses and better lives with expert financial and taxation advice. [email protected] www.360partners.com.au 03 9005 4900