Category: Business Structures

Articles and information about business structures, business establishment and the process of starting a business. Information varies from basic to complex.

Are you launching a start-up? Here are 5 important things to consider

Are you launching a start-up? Here are 5 important things to consider

Whether you are in the initial stages of fleshing out an exciting new business idea or have registered your trading entity and are ready to go, here are 5 things to consider in the early stages of launching a start-up. Trademarks A search of the Australian Trade Mark Registry is an important first step before deciding on …

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Business Relationship Documents

Business Relationship Documents

Starting a business is hard. Whether you are starting from scratch or acquiring an existing business, the transition to business owner is a daunting prospect. You are more likely to succeed if you combine your skills with others. Whether it’s a friend that you have shared a common dream with for many years, a colleague that …

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Basic Business Structures

Basic Business Structures

Practical advice, in plain English: that’s what I promised. I am taking on that challenge by setting out some basic business structures and explaining the differences between them – without the legal and accounting jargon that causes most people’s eyes to glaze over. Impossible you say? Well, check out the below series of 4 posts …

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What is a Trust?

What is a Trust?

A trust is an artificial legal construct that best describes a relationship between individuals. A trust relationship exists where there is a separation between legal ownership of an asset and the persons entitled to benefit from that asset (called beneficial ownership). Let me explain: If I owned a block of land, and I said to …

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Companies: what they are and how they work

Companies: what they are and how they work

When talking about business structuring, most people naturally think that involves starting a company – and for the most part, they’d be right. However, whilst most people know about companies, I regularly come across clients who may not know exactly how they work and what the various terms connected with companies actually mean. Hopefully this …

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Key aspects of Partnerships

Key aspects of Partnerships

Everyone knows what a partnership is, right? Perhaps in a colloquial sense. However, when  it comes to the formalities of a partnership, I find that people are regularly surprised by some of the key aspects of what a partnership entails. The Basics A partnership is simply two or more people carrying on business in common …

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Operating as a sole trader

Operating as a sole trader

The Basics As a sole trader, you simply run a business as an individual. No complex structures or fancy accounting work: you simply register an ABN in your own name, and away you go. You can trade under your own name (e.g. Sami Sara Legal), or if you register a business name, under any name …

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