Whats best for you ? Sole Trader, Partnership, Company or Trust
One of the most important aspects of starting or having a business is getting the structure right. Asset protection, Retirement options, reducing tax, increasing profits and succession planning can all be affected by having the right (or wrong) business structure.
We are talking about the use a Company, Sole Trader, Trust, Partnership or a combination of these.
The reality is that everyone's situation is unique, and careful consideration of all the factors must be done prior to giving advice on what business structure to use. The fact that your brother has a family trust, doesn't mean that you should have one as well.
