Re-Structuring your Business

What is a business restructure?

A business restructure is when a business decided that it will change from being, for example, a Sole Trader to a Proprietary Limited Company. This change depending on the circumstances of the business is usually done because of financial worries and because of possible tax savings that may result from the restructure.

Business restructuring can be a great way to revive your business and possibly reduce taxation obligations.

The 6 main business structures are:

• Co-operative

• Incorporate Associations

• Partnerships

• Proprietary Limited Companies

• Sole Traders, and

• Trusts

If you experiencing business troubles it might be worth considering changing your business structure, sometimes it can be the only solution for a company under serious financial pressure.

The Quinn Group can give you business restructuring advice which help you turn your business around or maximise you tax savings. Our team can offer you legal advice surrounding your restructure, financial advice from our experienced team of accountants as well as things like negotiation, the design and the implementation of the business restructure and advice on the various implications of a restructure.

If you'd like more information on ways to restructure your business to improve its financial position, complete and submit the Express Enquiry form on the top right hand side of this page and we will contact you to discuss your enquiry or call us on 1300 QUINNS (1300 784 667) or on +61 2 9223 9166 to arrange an appointment.