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Business Structuring and Start-Ups

Your Partner in Business Structuring. Supporting Your Growth.

Setting the Foundation for Success

Starting or restructuring a business is a pivotal moment, demanding careful consideration of legal and financial implications. Choosing the right structure, navigating regulatory requirements, and establishing solid agreements from the outset are crucial for long-term success and minimising future risks. At Foye Legal, we provide tailored legal guidance to NSW businesses, ensuring a strong foundation for growth and compliance with Australian laws.

Business Registration

We guide you through the process of registering your business as a sole trader, partnership, or company, ensuring compliance with the Corporations Act 2001 (Cth) and other relevant regulations.

Our team simplifies the paperwork, helping you choose the best structure for your goals and circumstances.

Structuring for Tax Efficiency

Choosing the right structure can significantly impact your tax obligations. Foye Legal works closely with you and your financial advisors to identify the most tax-efficient structure, minimising liabilities while ensuring compliance with the Australian Taxation Office (ATO) requirements.

Joint Ventures and Partnerships

Joint ventures & partnerships are excellent ways to collaborate and expand, but they require clear agreements to avoid disputes.

We draft and review joint venture and partnership agreements tailored to your business objectives, ensuring all parties’ roles, responsibilities, and profit-sharing arrangements are clearly defined.

Shareholder and Unit Holder Agreements

Shareholder and unit holder agreements are vital for businesses with multiple stakeholders. These agreements outline the rights, obligations, and expectations of all parties, minimising conflicts and ensuring smooth operations. Foye Legal specialises in drafting & reviewing these documents to align with your business’s unique needs.

We’re in this together

Ready to take the next step with confidence? Whether you’re starting fresh or restructuring, our team is here to guide you through the legal complexities. Get in touch with Foye Legal today and lay the groundwork for a secure and successful future.

WorkingWith Your Lawyer: Your Essential Toolkit

Seeking legal assistance early gives you control over your situation, helping you avoid complications and manage costs effectively. This guide provides practical tips, checklists, and key insights to help you confidently navigate legal processes to secure the best possible outcome.

What To Expect From Your First Consultation With Us

Your first consultation is vital in safeguarding your interests and laying the foundation for the best possible outcome. At Foye Legal, we value the trust you place in us and are committed to providing clarity, strategy and unwavering support from day one.

Business Structuring & start ups

FAQs

The best structure depends on your business goals, liabilities, and tax considerations. Common options include sole trader, partnership, company, or trust. Foye Legal can assess your circumstances and recommend the most suitable structure.

In NSW, businesses must register with the Australian Business Register (ABR) to obtain an ABN. Companies also need to register with ASIC and comply with the Corporations Act 2001. Additional licenses may apply depending on your industry.

These agreements define the roles, rights, and obligations of stakeholders, including decision-making processes, profit distribution, and dispute resolution. They help avoid conflicts and ensure smooth business operations.

Each structure has unique tax implications. For example, sole traders are taxed at personal income rates, while companies are taxed at the corporate rate. Structuring for tax efficiency ensures compliance and minimises liabilities.

A joint venture is typically a temporary collaboration for a specific project or goal, while a partnership is an ongoing business arrangement between two or more parties. Both require clear agreements to define roles, contributions, and profit-sharing.

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