Structure of a Business

One of the most important decisions business owners need to make is selecting the best legal structure for the business. Effective structuring of the business has many advantages, some being tax minimisation, asset protection and risk minimisation, operational efficiencies, efficient transition of ownership and most importantly maximisation of wealth.

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Professional Indemnity

Under the Property Stock and Business Agents Regulations every Real Estate Business or Independent Contractor is required to hold Professional Indemnity Insurance. Fair Trading requires these entities to be indemnified against specific items eg professional negligence , misconduct etc and it is in the interests of the business to be indemnified against all future misadventures or any malfeasance that may put them at risk. For companies with multiple entities you will need to ensure that they are properly indemnified.

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