Getting the Right Company Structure
Episode description
Shaz looks at company structure and the importance of having a structure that is flexible and works for you
There are a range of aspects you need to consider and this is a great opportunity to hear about a flexible company structure that can meet the needs of your business plan, objectives and make you tax efficient
KEY TAKEAWAYS
- The right business structure must be flexible and needs to be in line with your business plan and objectives
- Don’t just do something because it seems tax efficient do it because it works for you
- If you have project after project it can get very messy
- A holding company means you can lend and receive money from the other companies
- It’s easy to move money and you don’t need to keep the previous companies open
- Every company that's open will require tax returns and confirmation statements and this is an expense
- Keep the entities separate and limit liability
BEST MOMENTS
‘The right business structure must be flexible’
‘Once you’ve completed a project, it's good to close that company and move on’
‘You can keep recycling as you move forward’
VALUABLE RESOURCES
ABOUT THE HOST
Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
He is a huge advocate of having multiple streams of
income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
You can find Shaz on: