Expert guidance on

structuring for success

Tech workers collaborating on interconnected digital platforms and data visualization

Let's

break it down

Get In touchShield protecting falling gold coins, representing financial security

Initial consultation

We begin with an in-depth consultation to understand your company's tax needs and gather relevant financial information.

Structure selection

Advise on the best structure based on your needs.

Setup and registration

Set up your desired structure and assist with regulatory requirements, including ABN and TFN applications.

Ongoing support

Provide continuous support as your business grows.

Business structures

Purple circular avatar icon with minimalist user profile silhouette

Sole trader

Benefits:

  • Simple: Easy to set up with minimal legal requirements.
  • Full control: You make all business decisions.
  • Low costs: Setup and ongoing costs are cheaper than other structures.

Drawbacks:

  • Unlimited liability: You're personally responsible for all business debts.
  • Higher taxes: Taxed at individual rates, which rise with income.
  • Limited growth: Harder to raise capital and expand.

Setup costs:

  • Formation fee: $200 (including ABN application)
  • Business name registration: $250

Total: $450

Learn more
White heart icon on a blue gradient circular background

Partnership

Benefits:

  • Shared responsibility: Split risks, rewards, and duties.
  • Combined resources: Pool expertise for growth.
  • Tax advantages: Profit split lowers tax liability.

Drawbacks:

  • Unlimited liability: Partners cover all debts.
  • Potential conflicts: Disagreements can affect business.
  • Complexity: Harder to set up than sole trader.

Setup costs:

  • Formation fee: From $750 (including ABN & TFN)
  • Business name registration: $250

Total: $1000

Learn more
Blue gradient circle icon with an open book or document

Company

Benefits:

  • Asset protection: Trust assets are shielded from creditors.
  • Tax efficiency: Income distribution can reduce taxes.
  • Estate planning: Useful for managing and transferring wealth.

Drawbacks:

  • Complexity: More complicated than sole traders and partnerships.
  • Costs: Higher setup and admin fees.
  • Regulations: Must follow trust deed and legal obligations.

Setup costs:

  • Formation fee: From $1,200 (including ABN & TFN)
  • Business name registration: $250

Starting at: $1450

Learn more
Purple circular icon with a white briefcase or business bag

Trust

Benefits:

  • Limited liability: Shareholders aren't personally liable for debts.
  • Tax benefits: Corporate rates may be lower than individual rates.
  • Growth potential: Easier to raise capital and expand.

Drawbacks:

  • Complexity: More difficult and costly to set up.
  • Regulations: Must comply with strict standards.
  • Management: Requires a formal structure.

Setup costs:

  • Formation fee: From $850 (including ABN & TFN)
  • Business name registration: $250

Starting at: $1100

Learn more

Why

choose us

White 3D chat bubble icon on a vibrant purple gradient circle background

Expertise

Benefit from our extensive experience in handling personal tax matters.

Blue gradient circle with simple power plug icon

Tailored tax advice

Receive customised tax advice tailored to your unique circumstances.

Blue circular icon with white open book symbol

Compliance

Ensure your tax obligations are met with confidence and accuracy.

White heart icon on a vibrant purple gradient circular background

Support

Get ongoing support and advice for your tax planning and preparation needs.

Frequently

asked questions

Blue circular icon with white question mark symbol
What is the best business structure for my new venture?

The best business structure depends on your specific needs, goals, and circumstances. We can help you choose the right structure through a detailed consultation.

Learn More
Blue circular icon with white question mark symbol
How much does it cost to start a sole trader business?

The setup costs for a sole trader business include a formation fee of $200 (including ABN application) and a business name registration fee of $250, totaling $450.

Start Your Business
Blue circular icon with white question mark symbol
What are the benefits of forming a partnership?

Forming a partnership offers shared responsibility, combined resources, and tax advantages. However, it also involves unlimited liability and potential conflicts.

Learn More
Blue circular icon with white question mark symbol
How much does it cost to set up a trust?

The setup costs for a trust include a formation fee starting from $1550 (including ABN & TFN) and a business name registration fee of $250, totaling $1800.

Set Up a Trust
Blue circular icon with white question mark symbol
What are the advantages of setting up a company?

Setting up a company provides limited liability, tax benefits, and growth potential. However, it involves more complexity and higher costs.

Learn More
Blue circular icon with white question mark symbol
What are the tax implications of different business structures?

Each business structure has different tax implications. We provide detailed advice on the tax benefits and obligations of each structure to help you make an informed decision.

Get Tax Advice
Blue circular icon with white question mark symbol
When should I consider changing my business structure?

You should consider changing your business structure if your business is growing, your income is increasing, or you need better asset protection and tax efficiency.

Explore New Structures
Blue circular icon with white question mark symbol
How does AccountsDynamic help with business setup?

We assist with selecting the best structure, setting up and registering your business, and ensuring compliance with regulatory requirements, including ABN and TFN applications.

Get Started
Blue circular icon with white question mark symbol
Can AccountsDynamic assist with ABN and TFN applications?

Yes, we help with ABN and TFN applications as part of our business setup services to ensure you meet all regulatory requirements.

Apply Now
Blue circular icon with white question mark symbol
What are the ongoing compliance requirements for different business structures?

Ongoing compliance requirements vary by structure. We provide continuous support to ensure your business meets all legal and tax obligations.

Ensure Compliance
Blue circular icon with white question mark symbol
How long does it take to set up a business structure?

The time required to set up a business structure depends on the complexity of the structure. We aim to complete the setup process as efficiently as possible.

Learn More

Ready to take control

of your finances?