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ARTICLE · 15 SEPTEMBER 2014

5 tips for starting up a start-up

Marque Lawyers
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We're going to give you 5 golden tips for starting a start-up business that will help you towards an early retirement.

AustraliaCorporate/Commercial Law
Kristy Dixon
Kristy Dixon
Nathan Mattock
Nathan Mattock
Jennifer Tetstall (Formerly With Marque Lawyers)
Jennifer Tetstall (Formerly With Marque Lawyers)
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We're going to give you 5 golden tips for starting a start-up that can help you along your journey to an early retirement.

  1. Think about structure:

Your choice of structure (sole trader, company, trading trust, group of companies etc) will have tax and liability implications. You need to think about what structure will work for you. A common option is a proprietary company limited by shares, which will protect your shareholders from liability. It is also common to consider putting any valuable IP in a related company that is separate from the "operational" part of the business. Of course, the best option will depend on your circumstances, but we're going to assume you have thought about all of this and decided a shiny new company is the way to go. Right, onward.

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