Choosing partnerships as a business structure
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If you're looking to start a business with multiple people, it might be worth considering partnerships as a business structure.
But what are the rules and regulations behind a partnership? Tax expert Michael Jones outlines some of the positives, such as easier access to small business CGT tax concessions. However, he says partners need to be aware of things like greater exposure to liabilities. As always, he says, considering your choice of structure is important, so think carefully.
Michael Jones, Mazars