Incorporation of Company,
Trust & Superannuation Funds
If you have chosen to set up a company structure, it is important that you register a company. To ensure that you launch your business in the best possible way, it is important to properly incorporate.
When incorporating a business, there are many things to consider. Remember that incorporating a company is not the same as registering a business.
Tax Equity Accountants can manage all aspects of company incorporation, including searching for and verifying availability of business and company names and obtaining an Australian Company Number (A.C.N). Tax Equity Accountants can provide all legal documentation electronically and in hardcopy if necessary, once a company has been incorporated.
Tax Equity Accountants will handle the entire process, taking away all stress and extra work so you can focus on the important things.
SMSF Specialists (Self-Managed Superannuation Funds)
Our sole purpose is to offer practical solutions to SMSF trustees via our professional advisors. Our comprehensive advice, documentation, as well as our administration service support our practical solutions. With over 40 years of combined experience, our client service is provided locally, professionally, and personally.
If you're thinking about setting up your own super fund, Tax Equity Accountants can assist you in setting up a self-managed superannuation funds (SMSF). Our SMSF package includes a trust document, minutes, pro forma binding deaths benefit nomination forms, product disclosure statements, and an indexed superannuation folder. First, make sure you are comfortable with an SMSF. Next, determine the structure of the fund. Who will be the trustee?
Why is it important to establish a Trust?
A Trust is an excellent investment vehicle because it allows the Trustee to stream/distribute net income to beneficiaries.
This is a great tax strategy as it allows you to share income with lower income earners and has the option to create a bucket company to limit the tax.
Here are some reasons you might want to incorporate your company in Australia. These may include:
- Protection of assets - A company has the same rights as a natural person and can do everything a natural person could do. This has the advantage that shareholders are only liable for the share capital they have invested. The directors of a company are separate legal entities from their shareholders. Unlike a sole trader, partnership or sole trader, the shareholders cannot be held personally responsible for the company's debts.
- Legitimacy – Companies are governed under the Corporations Act. This means that they are accountable to ASIC. This gives customers, suppliers, and investors a feeling of security. The credibility of your company and the reputation of your business will increase by having it registered and run.
- Fixed Tax Rates - Incorporating your business can provide tax benefits depending on your situation. Businesses that use a company to run their operations can also get tax deductions.
- Expansion and Business - Registering a business opens opportunities for investors to raise capital. To attract new investors, companies can drive growth and expand to maximize profit. It is better to have a corporate trustee firm than individual trustees when it comes to asset protection. This reduces the Trust's risk to the company and provides protection for the individual's personal assets.
- Our Trusts are of high quality and have flexible deed arrangements. They have all been written by our tax team and peer-reviewed externally. Each deed is written in a simple, understandable language.