Description

Like any business, it is essential that the ownership structure chosen is appropriate from a commercial, wealth accretion, estate planning and taxation perspective. Any business structure needs to provide certainty for the owners, but also enough flexibility should circumstances change in the future.

In many respects a rural business is no different to any other business in terms of what structure is appropriate. However, unlike most businesses, the owner/operator of a rural business lives on the business premises. This creates a variety of unique issues that need to be considered when determining what business structure is appropriate.

During the webinar Tony will discuss a number of case studies where he will work through the issues to be considered when adopting a variety of different business structures including:

• Equity “Partnerships” – Should I use a company or limited partnership?
• Restructuring an existing business structure
• Funding structures
• Does restructuring constitute tax avoidance – does the Penny & Hooper decision have application to rural business structures?
• The impact of the 39% tax rate from 1 April 2021

LEARNING OUTCOMES

Attendees will learn what structures are appropriate for them and what the advantages and disadvantages of each structure is.

SUITED TO

Anyone advising farmers on appropriate business structures including accountants and lawyers.

PRESENTER

Tony Marshall, Principal, CEG Limited