Accounting & Tax
Business plans & structuring
Choosing the right structure affects your tax, your personal risk and how easily you can grow or sell. Business Mantra Accountants helps you choose between a sole trader, partnership, company or trust, and builds a business plan for the years ahead.
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Business Mantra Accountants
Chartered accountants and business advisors
On this page
Who it’s for
People starting a business
Founders deciding how to set up.
Growing businesses
Businesses whose current structure may no longer suit.
Families and partners
People going into business together.
What’s included
Structure options
Sole trader, partnership, company and trust compared for your situation.
Business plan
A plan for the next five to ten years, with the structure to match.
Registrations
ABN, GST, company and tax registrations as needed.
Next steps
Bookkeeping, insurance and other set-up, with other businesses in the group if you wish.
How it works
Meeting
You talk through your plans, risks and family situation.
Options
The structure options are explained with their pros and cons.
Decision and set-up
You choose, and the registrations are done.
Plan
Your business plan is put together.
Good to know
Changing later can cost
Restructuring an established business can trigger tax such as capital gains tax and stamp duty, so it pays to choose carefully at the start.
Questions
Can’t find your answer? Ask us and we’ll pass your question to the right business.
Insights
Guides from the group’s specialists
Accounting & Tax
Choosing the Right Business Structure in Australia: Sole Trader, Company, or Trust
How sole traders, partnerships, companies and trusts compare on tax, personal liability, cost and paperwork, and when it’s time to review the structure you have.
Business Mantra · 4 min read
Next step
Ready to talk aboutBusiness plans & structuring?
Tell us a little about your situation and we’ll pass it to the Business Mantra Accountants team.
