by Cameo Ashe | Apr 22, 2021 | Business Basics, Managing Teams, Start Up / New to Business
Determining your business structure is one of the first decisions to make as a new business owner. And it’s also one of the most important. Each structure comes with its own set of benefits and liabilities. So, understanding how they will impact you day-to-day...
by Cameo Ashe | Apr 22, 2021 | Business Basics, Managing Teams, Start Up / New to Business
A Partnership business structure is made up of two or more people or entities. Most small business Partnerships are what is termed ‘General Partnership’ – this means that all of the partners are equally responsible for the management of the business, and each...
by Cameo Ashe | Apr 22, 2021 | Business Basics, Managing Teams, Start Up / New to Business
A Trust business structure is where there is an obligation imposed on a person (Trustee) to hold property or assets (such as business assets) for the benefit of others (Beneficiaries). The trustee is legally responsible for the operation of the Trust and you may have...
by Cameo Ashe | Apr 22, 2021 | Business Basics, Managing Teams, Start Up / New to Business
A company is a form of business structure. It is an entity that has a separate legal existence from its owners. This means it has the same rights as a person and can incur debt, sue and be sued. Members (or shareholders) whilst the owners of the company, are not...
by Cameo Ashe | Apr 22, 2021 | Business Basics, Managing Teams, Start Up / New to Business
Sole Trader business structures are quite easy and inexpensive to set up. As a sole trader, you are personally responsible for all of the operations (including debts) of your business. You also pay tax personally on the profits at your marginal tax rate. A sole...
by Cameo Ashe | Mar 16, 2021 | Business Basics, Managing Teams, Start Up / New to Business
When running a small business it can be easy to fall into the trap of feeling like you have to do it all, which can be overwhelming for even the most seasoned business minds. But while we may be used to wearing multiple hats, the question we must ask ourselves as...
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