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Advisory: Business Re-structures
A current business structure may be inappropriate for a whole host of reasons including:
- It was incorrectly setup to begin with
- Increased risk of litigation
- Family / Estate planning issues
- Change in laws / legislation
- The business has outgrown its original structure
- The need to attract investors or finance into the business
Whilst restructuring a business can provide disruptions, it can also present an excellent opportunity for business owners to realise some equity that they have built up over time, better protect their assets and refinance debt in a tax effective manner.
Restructuring of a business needs to be done carefully and by an experienced professional as there may be some pitfalls, for example stamp duty or capital gains tax.
For this reason it is highly recommended that if you are contemplating a business restructure you consult one of the team at Beames & Associates for advice on the best way to proceed.
Beames & Associates are also able to provide a "structure check" of your current operations and provide a report with detailed recommendations for your consideration.
