The structure you choose affects how much tax you pay, how well your assets are protected and how easily you can grow or sell later. Getting it right at the start is much cheaper than fixing it later.
Choosing the right structure
Sole traders, partnerships, companies and trusts each have different tax rates, liability, running costs and paperwork. The right choice depends on your income, risk, family situation and plans. We explain the options and recommend what fits.
- Structure review: sole trader, partnership, company or trust
- ABN, TFN and GST registrations
- Company registration with ASIC, including director ID requirements
- Family and unit trust setup through a deed provider
- Cloud accounting and payroll setup
- A first-year compliance calendar so you never miss a deadline
Do you need to register for GST?
You must register for GST once your GST turnover reaches $75,000 ($150,000 for non-profit organisations). Taxi and ride-sourcing drivers, such as Uber drivers, must register regardless of turnover. We will tell you when registration is needed and set it up correctly.
Business structure review
A detailed business structure review is available from $1,200 + GST, and it is included at a high level in Strategic Advisory Partner.
Frequently asked questions
Should I be a sole trader or a company?
It depends on your profit, risk and plans. Sole traders are simple and cheap to run, while companies can offer asset protection and tax flexibility as profits grow. We will run the numbers for you.
Do I need a director ID?
Yes. Every company director needs a director identification number, and you must have it before you are appointed as a director.
Can I change my structure later?
Yes, but restructuring can trigger capital gains tax, stamp duty and other costs. Planning early usually saves money.
