Selecting an appropriate structure to operate a business or hold investments is crucial to ensure the desired commercial and tax outcomes can be achieved. So how do you decide what is the right (or wrong) structure for an SME? How do you make sure the structure is ready to access the small business CGT concessions? By focusing on a series of real-life examples of structures used by SMEs, this paper looks at:
- effective structuring of an SME, including the major strengths and weaknesses of particular structures
- how to determine if a structure has become ineffective and what to do if this is the case
- what should you do if you have inherited a poor structure?
- what factors should be considered if you decide to restructure?
- how do you know if a business or structure is CGT concession ready?
- can you manage or fix potential problems in the ability to access the CGT concessions?