Setting up the structure of your business correctly is paramount, it can effect:
The amount of tax you pay
The security of your personal assets
Your ability to sell the business
Access to R&D grants
Facilitate growth strategies
Getting your business structure right from the outset can avoid a host of complications down the line, though if you do find yourself in a structure that is not working Agyle can help with a change.
In our initial review of your business, we will analyse your current structure and ensure you are set up correctly. If not, we can provide advice around a restructure.
Changing your business structure down the track can have significant complications, cause you to be required to pay extra tax, and therefore create a load of additional administration. All of this, however, can be avoided by planning ahead by working with Agyle.
There are a number of various business structures, these include:
Sole Trader
Partnership
Company
Trust
Not-for-profit
This depends entirely on your business; what are its plans for growth? Will you have staff? Will you have business partners?
Your business plan will determine the best structure, and Agyle can advise on this.
