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Are you looking for the right business structure for your small business in Melbourne?

Your business structure is the foundation your business is built from. Having a structure that doesn’t fit your business strategy can leave your assets at risk and limit your ability to scale up your business. Getting expert business structure advice will ensure that your business is paying minimal tax and in the best position to meet your business goals. Our business accountants offer specialised business structure reviews, restructuring for tax minimisation, and asset protection.

For a free consultation, give us a call or come in for a chat at our Mount Waverley, Port Melbourne or Chadstone offices.

Your business structure is the foundation your business is built from. Having a structure that doesn’t fit your business strategy can leave your assets at risk and limit your ability to scale up your business. Getting expert business structure advice will ensure that your business is paying minimal tax and in the best position to meet your business goals. Our business accountants offer specialised business structure reviews, restructuring for tax minimisation, and asset protection.

Define Your Business Goals

Before we can review the effectiveness of your business structure, we need to understand your business goals. We’ll sit down with you to learn about your business and find out where you see potential growth and risks, allowing us to build a structure that best aligns with your business strategy.

Existing Business Operations Review

Once we know where you want to go, we’ll review and analyse your existing business operations. This information will allow us to provide informed advice and assistance that will put your business in the best position to manage risks and minimise your tax liability.

Tax Minimisation

One of the most important services an accountant can provide is restructuring your business and its entities to minimise your tax liability. Whether it be sole trader, partnership, company, trust or other, our expert accountants will provide qualified advice on the most tax-effective structure for your business.

Asset Protection

Business owners who don’t look into asset protection could find their personal assets, such as family properties, at risk during any possible litigation. With our assistance, you’ll be able to protect the hard-earned fruits of your labour.

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Why get a Business Structure Review?

A business structure review is crucial for the long-term success of your small business. It helps identify inefficiencies, vulnerabilities, and areas for improvement in your current structure and recommends changes that better align with your business goals. By conducting a thorough review, our business accounting experts can ensure that your business is structured in a way that maximises its potential for success and minimises the risk of legal or regulatory issues that may affect your business.

Contact us today to learn more about how we can help you conduct a business structure review for your small business.

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The most common types of business structures explained

In Australia, the most common types of business structures are sole traders, partnerships, companies, and trusts. Unfortunately, the intricacies of each structure can be complex, making it hard for new business owners to make the right choice. In this article, we break down each of these types.

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Business structure resources

Meet our Accounting Team

Sam Draper and Oz Karabadjak are two highly-skilled accounting professionals with extensive experience growing small businesses in Melbourne. As CPA and Chartered Accountants, the pair had been on their own small business journey for two years before merging with Elephant Advisory in 2021.

Today, Sam and Oz have built long-lasting relationships with each client through genuine care for their work. If there’s one thing these Melbourne small business accountants love more than crunching numbers, it’s watching a client achieve their business goals.

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team Melbourne Accountants & Mortgage Brokers | Elephant Advisory

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Business Structure Review FAQs

How often do I need a structure review?

Generally, you will only need a structure review once unless there are dramatic changes made to the business and/or owners.

What do we charge for a business structure review?

We can generally complete this as part of an assessment, however there may be additional costs for the set up of a company, trust or other entity.

Can I save tax from a business structure review?

Yes, most definitely you can save tax with a business structure review. We’ll look at your current structure and identify solutions that will minimise your tax liabilities.

frequently asked questions

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Business Structure Review