In our experience dealing with clients over the years, we've found many businesses start as side projects.
In this video, James tells the story of a client whose 'side project' became a multi-million dollar transport business.
He also points out some risks to watch out for regarding goverance and business structure issues when a business starts this way, and how to ensure they don't negatively impact value down the track.
If you would like advice about choosing the most effective structure for your business, contact the team at JPAbusiness for a confidential, obligation-free discussion.
DISCLAIMER
The information contained in this blog is general in nature and should not be taken as personal, professional or taxation advice. You ought to make your own inquiries and seek independent, professional advice before taking action or relying on any information in this blog. As tax legislation is subject to change, we cannot guarantee the timeliness of the information provided.
Last updated November 2019.