Having a right business structure is very important. Below, various Business Structures can be seen:
- Sole Trader – One person operating the business
- Partnerships – Two or more persons operate the business together
- Trusts- A trustee running a business on behalf of its members
- Company- A business structure which is owned by its shareholders but managed by the Directors.
All the above registrations must be done correctly in order to avoid future problems and to ensure that the business is set up in a correct manner.
Kirpa Tax has helped thousands of clients to choose right structure for their business.
Documentation required depending upon the nature of the business:
- Partnership agreement (If case the business structure is partnership)
- Trust Deed (If it is to be operated as a Trust)
- Formal notices and other consents (In case of a Company)
Kirpa tax, Our Accounting firm in Australia helps you to set up your business which includes all the legal formalities and documentation and registrations required by the regulators such as application for a Tax File Number (TFN), registering for an Australian Business Number (ABN) etc. Our tax expert will assist you in all the legal documentation so that you can avoid all the complex process.
Our process is very simple effective and fast. Our price are very competitive which suits everyone’s pocket.
Furthermore, GST registration service is also provided by Kirpa tax. GST registration is mandatory with the ATO (In case the gross annual revenue of the business is more than $75,000.)