A company is a separate legal entity.
That creates opportunities, but it also creates responsibilities.
Before incorporating, it's important to understand why you're choosing a company and what operating one will involve.
Who May Consider a Company?
A sole trader whose business is growing
A new business with more complex plans
A family business
Entrepreneurs establishing a venture
Businesses bringing in additional owners
Clients considering a different operating structure
How SKC Accounting Can Help
Depending on your circumstances, assistance may include:
discussing the accounting and taxation considerations
company-registration assistance
ACN
ABN
TFN
GST and PAYG registrations where required
initial accounting setup
referral for legal advice where appropriate.
Common Question
Is a company automatically better than being a sole trader?
No.
A company can be appropriate for some businesses and unnecessary for others.
That's why we recommend considering the structure first rather than incorporating simply because someone told you that you “should have a company”.
Companies Being Established Often Also Need
Service Delivery Disclosure
SKC Accounting Financial & Advisory Services Pty Ltd trading as SKC Accounting is a licensee of Platinum Accounting Australia Pty Ltd (Platinum). Platinum is a Registered Tax Agent (Tax Agent No. 24683431). Tax agent services, including the preparation, review and lodgement of tax returns, and BAS/GST services requiring registered-agent authority, are provided through Platinum under the applicable engagement arrangements. For more information, please visit Platinum Accounting Australia.
Let’s Talk About Your Business
A useful first conversation starts with what your business does, what is creating pressure and what you would like to improve. Book a Complimentary Initial Consultation to discuss the support that may suit your circumstances.