Partnerships
A partnership may be the right business structure or investment vehicle for your particular circumstances. Relatively simple and cheap to set-up and administer, partnerships can be an effective way of carrying on a business or investing with others while minimising ongoing compliance costs, and some professions actually require their practitioners to use partnerships. Many clients prefer to keep things simple and we can assess your situation to see whether it is right for you and also make sure all statutory and taxation requirements are met. We can assist with:
- Putting a Partnership Agreement in place if required
- Applying for the various registrations required, such as a Tax File Number, ABN and GST registration
- Completing the ongoing partnership administrative compliance:
- Annual financial accounts if required
- Taxation returns
- Preparation of partnership distribution statements
Contact us today to ensure your partnership is formed and administered as effectively as possible, covering all legal requirements and ensuring that it fulfills its purpose!