Grant Thornton

Business Owner Structures

What do we mean by my “business structure”?

Business structuring refers to how your businesses and personal investments are set up, whilst taking into account your specific objectives and circumstances.

How would you feel if everything you've worked for was lost?  Most business owners unknowingly have their assets exposed, and risk losing their wealth because they have not been advised on how to structure their assets and liabilities in the event of misfortune.  The ownership of your key asset, your business, may not reflect your true desire to share the wealth that you create, with your family!

We help clients to maximise protection of their assets and ensures their assets are owned in the most appropriate structure to facilitate effective wealth extraction, wealth accumulation and estate planning.

When you are commencing a business or investing your wealth, receiving sound advice appropriate business and personal structures will provide you with the following benefits:

  • asset protection – from creditors, employees, hostile family members etc
  • optimal income and capital gains tax structure
  • a structure that enables your wealth to be preserved and transferred in a commercial and tax-effective manner
  • control


How do we do it?

Our Privately Held Business (PHB) methodology provides the foundation for providing all of our services and is the cornerstone of how we deliver our services and communicate with our clients.

We then discuss your objectives in detail and cover the following:

  • asset protection
  • income tax and capital gains tax
  • wealth preservation
  • succession planning
  • estate planning
  • any other relevant issues

 

 

What do you get?

There is no such thing as a “perfect” structure, so the structure that will be implemented must achieve your core objectives.  The outcome from our discussions will be a letter of advice that documents the options you have and our recommendations.  We can also arrange to establish any structures recommended as part of our solution.

How does it help you?

It’s all about setting up to succeed from the start.  Having to re-structure your affairs after your business has accumulated a significant amount of wealth can be very expensive in terms of the transaction costs like capital gains tax and stamp duty.  At this point undertaking a restructure can be too costly and your wealth may not be adequately protected from risk.  We can help you minimise these transaction costs by reviewing your options in line with your circumstances.

 

Next, learn about remunerating family members in your business.

 
 

If you find these services interesting


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