Many Australian business owners ask whether a trust or company structure is the better option.
The answer depends on your individual circumstances, business goals, taxation position, and asset protection requirements.
A company is a separate legal entity that can own assets, enter contracts, employ staff, and generate income.
Potential advantages include:
Trusts are commonly used for:
Trusts can provide flexibility in distributing income to beneficiaries, depending on the trust structure and applicable laws.
The most appropriate structure depends on factors such as:
PRZ Tax & Accounting can assess your situation and provide advice tailored to your circumstances.