Business Structuring Advice & Setup

Whether you’re just starting out, buying an established business, reinvesting profits to fuel expansion or planning for a smooth succession, the way your business is structured can make all the difference.

From our headquarters in Perth, we at Munro’s believe that the right structure isn’t about complexity for complexity’s sake—it’s about finding the simplest, most effective way to support your goals while minimising tax and protecting your assets.

Many business owners throughout Western Australia begin with a straightforward setup, such as personal ownership, basic family trust or trading company owned by a family trust. Over time, as their business evolves and they begin reinvesting profits into investments such as real estate, it often becomes wise to hold each property in a separate family trust (or other entity). Such structuring choices not only offer great tax planning flexibility and potential land tax minimisation, but, also strengthens asset protection and succession planning.

Advice rooted in simplicity

We start with what works best for you now and only add extra layers when your business circumstances demand it. When it’s time to consider a change, our Advanced Tax & Asset Protection Strategies Report provides a comprehensive review of your current setup and outlines how a revised structure—be it a more robust family trust, a head company arrangement or a collection of entities—can better serve your long‑term interests. This report covers your financial position, available entity options, and even includes succession and estate planning measures to give you a holistic view of your future.

Consider this example as an illustration, involving hypothetical client “John”:

When he first approached us, his business was modest and his structure was simple – sole trader. Rather than overcomplicate his setup with a company structure right away, we advised him to maintain personal ownership until his growth justified the change. We recommended revisiting his structure around late May or early June before the next financial year—at which point, transitioning to a family trust could unlock tax benefits into the future and protection advantages. This measured, tailored approach ensures that we only add complexity when it delivers a clear return on investment.

Our overall approach is straightforward, yet yields profound results:

• Assessment: We begin by reviewing your current financial status, business goals and risks.
• Tailored Recommendation: Based on this assessment, we determine whether your present structure is sufficient or if a change is needed to improve tax efficiency and asset protection.
• Future Planning: We advise on the optimal timing for restructuring.
• Implementation & Review: Should you decide to change, we guide you through setting up a customised structure, complete with (where appliable) a bespoke family trust deed that avoids the pitfalls of off‑the‑shelf solutions. We also schedule periodic reviews so your setup continues to evolve with your business.

This process ensures you’re never paying for unnecessary complexity—and that every change is designed to support growth, minimise tax in the short, medium and long term, and safeguard your assets.