In decline, businesses may be forced to consider alternatives to liquidation such as turnaround strategies and restructuring initiatives.
In both stages of the business life cycle, selecting the appropriate structure, strategy and initiative is critical in order to ensure the longevity and commercial success of the business.
So too is the decision to invest in the right team of professionals to assist, advise and collaborate in this process for the benefit of the business and its stakeholders.There are many different structures and important questions to consider.
Some of the structures available to businesses are:
self-managed superannuation funds
There are also many different and complex laws and requirements relating to each form of business structure and the choice of the appropriate structure will invariably depend on a range of important factors such as set-up and operating costs, structure flexibility, asset protection, income tax, capital gains tax, land tax, control and succession.
There is no one size fits all approach to business structuring. Getting it wrong can have adverse consequences for you and your business.
At Prestige Legal & Corporate Services, we routinely assist our clients in this important area by providing experienced, reliable and trusted expert advice, assistance and guidance in the areas of:
agreements for partnerships and joint ventures
business and personal asset protection
buying and selling businesses
co-operatives and associations
franchise agreements and related documentation
intellectual property protection
mergers and acquisitions
registration of companies
Trusts (family trusts, unit trusts, hybrid trusts and self managed superannuation trusts)
turnaround and restructuring