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Company
What Is Limited Partnership?
Setting up a company is a smart option if you’re looking for a more formal business structure with limited liability. A company is a separate legal entity, meaning your personal assets are generally protected from business debts and liabilities.
Our team can guide you through the process of registering your company with ASIC, setting up your ABN, and ensuring you meet all compliance requirements from day one.
Benefits
Limited liability for company directors and shareholders
Access to a lower company tax rate
Easier to raise capital and attract investors
Business continues to operate regardless of ownership changes
Professional and credible image for your business
Drawbacks
Higher setup and ongoing costs compared to sole trader or partnership
More reporting, record-keeping, and compliance obligations
Directors have legal duties and responsibilities under the Corporations Act
