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Business structuring for domaining

Discussion in 'Newbies' started by Blue Wren, Jan 27, 2012.

  1. Blue Wren

    Blue Wren Membership: VIP

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    Hi all

    Newbie question and if it's been done please link me up.

    When have you all done to set yourself up to become a domainer?

    Speaking mainly about:
    Business structure (Sole Trader, partnership, company)

    What other relevant information could you share with me regarding these matters.

    Thank you kindly.
    Blue Wren
     
  2. Cooper Mills DomainLawyer

    Cooper Mills DomainLawyer Membership: VIP

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    auDA Member:
    Yes
    Blue Wren - each person is different, and what is good for one may not be good for another. PM me and I can give you some more information
     
  3. Shane

    Shane Membership: VIP

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    auDA Member:
    Yes
    Pty Ltd company for me, although I'll probably look at switching to a family trust later this year.

    Personally I prefer company over sole trader due to the separation it gives. Sure it's more expensive to setup and administer, but if you're serious about the business I would go company.
     
  4. acheeva

    acheeva Membership: VIP

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    Generic answers are not possible
     
  5. findtim

    findtim Membership: VIP

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    auDA Member:
    Yes
    acheeva is right, there is no simple answer, i've been a company, a business with GST and a soletrader without GST, its just what suits you at the time and now i'm heading back into a company structure which will also sideline a family trust to protect my 2 kids future.

    just remember "accountants are NEVER accountable "

    its just your decision and depends on what else is going on in your life.

    tim