Family Trust vs Company Australia: Choosing a Business Structure

What are some things to consider when deciding on the best business structure for your situation?

Here's what you should look out for when deciding between a Pty Ltd Company structure and a Discretionary Trust.

In this video, I go through:
0:00 - What is a Pty Ltd Company?
0:31 - Advantages of a Company
1:09 - Disadvantages of a Company
2:06 - What is a Discretionary Trust?
2:54 - Advantages of a Trust
4:07 - Disadvantages of a Trust
4:59 - Final Thoughts

Both situations have pros and cons but it's important for you to think about the long term aspirations of your business and what direction you would like to take it.

Blog article: https://bit.ly/2LsZUjY

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Davie has over 10 years experience in advising businesses in management accounting and taxation issues. He heads up a passionate team at Box Advisory Group who are dedicated to offering proactive and outstanding service to our clients.

Davie’s extensive experience in providing tax and consulting advice and astute business knowledge has paved the way for success for many businesses.

He is a member of the Chartered Accountants Australian and New Zealand, a member of the Australian Tax Practitioners Board and holds a Bachelor of Commerce degree from the University of New South Wales.
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DISCLAIMER: Please note that every effort has been made to ensure that the information provided in this video is accurate. You should note however, that the information is intended as a guide only, providing an overview of general information available to contractors and small businesses. This guide is not intended to be an exhaustive source of information and should not be seen to constitute legal or tax advice. You should, where necessary, seek your own advice for any legal or tax issues raised in your business affairs.