Which business structure is best to protect against being sued?

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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.

Shape 1aWhen a structure is more complicated, it will inevitably be more tax efficient and offer the owners greater protection.

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…

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