Choose the Right Structure for Your New Company, with the Help of a Business Finance Advisor in Sydney
At Marcos Accountants, we know that you have enough responsibility as a business owner without having to think about tax liability and investment planning. That’s why our full-service accounting firm is designed to be a comprehensive financial service tailored to small to mid-sized businesses like yours. Our team of highly trained Australia-based business advisors serve Melbourne, Sydney, and many other cities throughout Australia. We work with you to come up with accounting solutions that suit your finances and business style. No job is too complex for our seventeen-year-old firm. Whether you’re in search of a business advisor in Sydney for long term goals, such as financial planning, or a short-term need, such as a tax audit, we have the experience to get the job done right.
A business advisor in Sydney that caters to your needs
We pride ourselves on serving all our clients with a personal touch. With Marcos Accountants, you can rest assured that our team has your best interests in mind year-round. Our business advisors help Sydney assist business owners by monitoring their accounts as if they were their own. We keep our clients abreast of relevant developments and providing timely advice designed to optimise their financial success. Our aim is to provide exceptional service and give our clients more time to focus on their businesses and themselves. If you feel like you’re being bogged down by financial details, let Marcos Accountants help. Wherever you’re based, our trusted business advisors are ready to discuss your needs.
Deciding how a new venture will be structured is one of the most important decisions you will make as a business owner. Unfortunately, it’s also a decision that many first-time entrepreneurs make wrong. While there are resources online that explain the differences between different types of business structures—as well as the pros and cons of each—it’s hard to know which is the right fit if you are in the midst of your first independent venture in the business world. Having a professional business advisor in Sydney to help you make this key decision can make all the different later on down the road.
Selecting a Business Structure: Your Options
In Australia, there are four common types of business structure: sole trader, partnership, company, and trust. Each structure is significantly different from the next, and which option you choose will impact everything from set-up costs to control of company assets, all the way to how you lodge taxes. Even the Australian Government’s Department of Industry, Innovation and Science recommends that entrepreneurs consult a business advisor before making this important decision.
At Marcos Accountants, our business advisors in Sydney can help you review each business structure option individually. We will work with you to weigh the pros can cons, narrow down the options and arrive at the best possible structure for your business. For instance, if you are starting a business with a partner, we can disregard sole trader as a potential structure. From there, we can discuss the differences between a partnership or company (such as that a company is a separate legal entity, while a partnership is not). Using this information, you can come to a sound and smart decision about which business structure is right for you.
Make the Right Business Structure Choice with the Help of Our Business Advisors in Sydney
Since our advisors are particularly experienced in matters of business finance in Sydney, we can also coach you on the financial repercussions of your business structure choice. Key among these potential repercussions are the consequences of choosing the wrong structure and then having to restructure later. Restructuring is a costly process that can create a lot of confusion for your organisation—particularly if you have already determined a distribution of assets and responsibilities among multiple business owners. It is, in a word, a hassle—one that you should seek to avoid by choosing the right structure the first time.
At Marcos Accountants, our team of business advisors and business finance experts in Sydney would be happy to sit down with you and your business partners to discuss matters of business structure. Once you have chosen a business structure, we can also assist you in preparing the relevant documents (including a business plan that reflects the new structure) and in registering your business with the proper government bodies.
Are you interested in sitting down with our business advisors in Sydney? If so, call Marcos Accountants on (02) 9893 8600 to get started.