Legal firms can now enjoy the same structuring advantages as most other businesses in Australia. There are many advantages of incorporation, so how do you know whether incorporation is right for your firm. Some of the feedback I’ve had from firms around incorporation is:
“If I was starting out in practice now, I’d do it in a heartbeat.”
“It all seems a bit too hard and time consuming.”
“I really don’t understand the benefits of incorporating”
“It seems too expensive from a stamp duty and maybe a payroll tax perspective, but I’m concerned about capital gains tax.”
In my webinar I look at the costs and benefits of incorporating your business and what the overall impact could be when restructuring.