An initial matter you should address when considering the purchase of a business is the structure of the entity with which you wish to own and operate the business. For example, you may wish to proceed as a sole trader, with others as a partnership, or alternatively as a company which may be a stand alone entity or as trustee of a family trust.
The choice between appropriate structures depends upon factors such as tax planning, asset protection, finance availability and compliance costs.
We can assist you in identifying such issues and work with your accountant to create the most beneficial structure for your needs and circumstances.
