Growing a startup business into something bigger and more profitable is the goal for many business owners, but how do you make it happen? We’ve worked with many young businesses and in our experience, the best growing small businesses take the time to design the right strategy, implement it and...
Category: Business Structuring
Family trust advantages and disadvantages
Even though family trusts are more complex compared to other business models, it’s a popular option for those looking for flexibility, asset protection and control in their family business. In this article, we’ll go through the benefits and drawbacks of discretionary trusts to help you understand why they’re often suitable...
What is a partnership business? Advantages and disadvantages
When you’re starting a business with someone else, it’s important to choose a structure that gives you the right balance of flexibility and control. Many of our clients at POP Business operate a partnership and it’s one of the most common structures in Australia. However, like other business models, it...
Directors fees ato: Everything you need to know
Not sure if you’re doing everything right when it comes to paying directors’ fees?You’re not alone. Directors’ fees can be confusing because you need to follow procedural requirements when paying them. There are also ATO rules to be aware of if you want to claim them as a tax deduction...
How to start a business in Australia
https://youtu.be/FtaIzrsfbA8 Since small businesses account for almost 98% of all enterprises nationally, the question of how to start a business in Australia is indeed a popular one. To help you transform your vision into a viable undertaking, we’ve put together a roadmap, beginning with a general framework of how to...