Often successful businesses commence with a simple business structure. This structure, however, may not be appropriate as the business becomes more successful and grows.
Apparently simple changes can trigger significant costs in capital gains tax and stamp duty charges.
However, protecting the business owners from the ups and downs of commercial life and the protection of the assets that form the basis of the successful business, are legitimate concerns.
Contact the experienced professionals at the Qld Law Group to discuss your current structure and whether a benefit could be obtained from changing that structure.