Business structures are the legal framework designed to satisfy your needs in the safest and most economical way.
They can be used for many purposes including:
• Tax minimization
• Personal Protection
• Asset Protection
• Succession planning
• Estate Planninq
• Capital raising
• Property development
Legislation is changing rapidly and your structures need to be monitored on a regular basis make sure you comply.
A common problem occurs where there is a change in statutory law but you are using an constitutlon. An example is where the Corporations Act states that a company needs only the director but an old constitution says you must have two directors. In that case your old constitution prevails and you must have two. Of course it doesn’t matter unless you have to go to court. In most cases,if your constitution is more than five years old you should at less have it checked.
At the present time, there is a huge range of structures available to suit your specific need. The list of trusts is never ending, share structures in companies, limited partnerships, joint ventures and various other types of partnerships are becoming more creative.