When it comes to choosing the right structure to own and operate a business there are many things other than income tax to consider.
- Max Newnham
- Brisbane Times
The fact is the simpler and less complicated a structure is, the less tax efficient and protective it is.
Examples of this are operating as a sole trader, which is the simplest business structure that can be used, as compared to operating as a family discretionary trust with a corporate trustee.
When a business…