Often misunderstood and overlooked until its too late. The structure of your business in terms of both ownership and management is vitally important.
Time spent at the inception of a new venture on the correct ownership format will ensure that profits are allocated to the right people and that issues are kept to a minimum in dispute situations.
We have advised many clients on appropriate structures for both incorporated and unincorporated businesses and have also advised several clients with existing structures where difficulties have arisen as regards the exit of an owner both in amicable and confrontational scenarios.
Remember – get it right at the start!