If you are creating a new business or investment vehicle, it is important to determine what legal structure best suits your circumstances and financial goals and sets you up well for business growth and/or exiting your investment when the time comes. The most common legal structures used in Australia are:
- private company
- sole trader
- partnerships and limited partnerships
- trusts
Depending on the legal structure required, you may require foundational documents like company constitutions, trust deeds, partnership agreements or shareholders agreements. Getting certain fundamentals right at the start will prevent the need for costly restructurings or disputes down the road. We will work with you (and your accountant/tax adviser) to determine what structure best suits your circumstances and can assist in setting up that structure in a legally effective and cost efficient manner.
We can also assist you in identifying and obtaining any necessary governmental licenses/consents required for you to conduct your business.