BUSINESS SETUP & SHUTDOWN
Business Setup & Shutdown requires comprehensive advice and implementation.
Choosing the right professionals for your business is as important as selecting a doctor or midwife for your new baby. After drafting your business plan, it’s crucial to seek professional advice before implementing it. Both setting up and shutting down a business require careful planning to avoid significant costs.
A business can operate under various structures, including sole trader, partnership, company, and trust. Selecting the appropriate structure is vital for achieving your business goals related to asset protection, commercialization, and taxation. Depending on the complexity of your business and its objectives, multiple entities may be necessary to form a cohesive structure.
When it comes to ending a business, the process must be handled with care. While many small businesses opt to close or de-register their business structure, such as a company, upon retirement, this might not always be the best approach. Proper advice is essential to ensure compliance with regulations and to maximize tax benefits.
Our team supports our clients in the areas of:
- Choosing the proper business structure
- Drafting a business plan and monitoring the implementations
- Providing company setup and corporate secretarial services
- Assisting the company wind up
- Business valuation and succession (transfer)
- Business transfer and capital gains tax consulting