- Tax & Accounting
- Financial Services Advisory
- Corporate Advisory
When you’re starting a business, there are some complex financial, legal and tax aspects that will be difficult for any new start up. Equiti Partners can help guide you and your business partners through the financial and compliance requirements of starting up your own business.
What you need is sound professional advice from experienced accounting and legal sources and having assisted so many clients in this situation, we know that you will benefit from our experience.
There is a myriad of issues to consider when starting a new venture or buying a business. Our startup advice includes consulting on the business structure, tax implications of the structure, business plans, all tax registrations, software options, bookkeeping, legal considerations, your board of directors and your insurances. If you are employing staff there are additional considerations such as WorkCover, superannuation, PAYG and possibly FBT.
You should always ‘start with the end in mind’ in your structuring and look to take advantage of the potential future application of the discount capital gains tax concessions when assessing the most suitable business structure.
A viable tax structure should consider eligibility for favourable tax incentives such as the Early Stage Innovation Companies (ESIC) and Research and Development (R&D) programs.
Let Equiti Partners assist you by sharing our exhaustive checklist of start up requirements such as:
- Structuring advice
- ESIC or R&D eligibility
- Assistance with the planning and due diligence processes
- Asset protection
- Liaison with lawyers
- Co-ordination of disclosure documents
- Lodgement of documents
We can even help you prepare some ‘what if’ financial scenarios to assess the viability of your business and plan any finance requirements, ensuring you have all the information you need to make the right choice.