Logan Office of Economic Development (LOED) has partnered with Griffith University Tax Clinic and Small Business Financial Counselling Service to present you with this workshop.

Commencing a business is difficult with many decisions required to be made. One of the first decisions that need to be made is what business structure to use. The business structure might as a sole trader, partnership, company or trust. This decision affects many legal relationships, as well as tax. This series of workshops will provide an overview of important tax considerations that people about to commence a business should consider.

About the workshop:

This workshop will consider how the business structures (whether a sole trader, partnership, company or trust) can influence who has the tax obligations, as well as the rate of tax. This workshop will explain:

• the basic premise of the different business structures
• how your business structure choice can affect income, deductions and tax rates, and
• how the business structure influences the relationship with workers (such as employees and contractors).