As your business grows, what once worked may no longer be the best fit. Many Australian businesses start as sole traders or partnerships but evolve into more complex operations that demand greater protection, flexibility, and efficiency.
Whether you’re expanding, taking on new partners, or responding to changing tax laws, a business structure review can help ensure your setup still supports your goals.
At Rubiix Business Accountants, we work closely with growing businesses across Australia to review and refine their structures – helping them stay compliant, tax-effective, and ready for what’s next.
A business structure review helps you:
There’s no one-size-fits-all approach, but there are clear signs it’s time to reassess your setup.
If your business has expanded (more clients, more staff, or higher turnover) your current structure might not provide the most efficient tax outcomes. For example, shifting from a sole trader to a company structure can offer better liability protection and access to different tax rates.
Partnerships, trusts, or companies all manage ownership and profit distribution differently. Bringing in new investors or directors often requires restructuring to ensure clear governance, legal protection and equitable profit sharing.
As your income grows, so does your tax liability. A business structure review can identify opportunities for legitimate tax savings such as setting up a discretionary trust, splitting income, or managing dividends strategically.
Succession planning, selling your business, or passing it on to family requires the right structure. The goal is to ensure smooth transitions, minimise capital gains tax (CGT) and stamp duty implications and maintain continuity.
Expanding into new industries or diversifying your services can alter your risk exposure and compliance requirements. A business structure review ensures you’re still legally protected and set up for the demands of your new operations.
The Australian Taxation Office (ATO) regularly updates rules that affect how businesses are taxed and structured. Staying up to date, and reviewing your structure accordingly, helps avoid unnecessary costs or compliance issues.
A thorough business structure review involves more than just looking at your tax rate.
At Rubiix, our process includes:
The result? A structure that’s efficient, compliant, and built to grow with your business.
We recommend reviewing your structure every 1–2 years or whenever there’s a major change in your business such as rapid growth, a new partner, or significant tax updates.
Each has unique implications for liability, tax, and reporting. Sole traders are simple but offer limited protection. Partnerships share profits and risks. Trusts provide flexibility in income distribution, while companies offer limited liability and separate legal entity status.
Yes, it can. Restructuring may have capital gains tax (CGT) or stamp duty implications. However, the ATO provides small business restructure rollover relief that allows certain restructures to occur without immediate tax consequences, if conditions are met.
Yes. With professional guidance, it’s possible to restructure your business while maintaining day-to-day operations. Rubiix can help plan and implement changes smoothly to minimise disruption.
Costs vary depending on complexity. At Rubiix, we offer a free 30-minute consultation to discuss your needs before providing a tailored quote.
A business structure review isn’t just a compliance exercise, it’s a strategic opportunity to strengthen your foundation, protect your assets and plan for long-term success. Whether you’re expanding, restructuring, or just want peace of mind, now’s the perfect time to review your setup.
Contact Rubiix Business Accountants today for a free 30-minute consultation to discuss your business structure review.
Want to learn more? Connect with us on LinkedIn to get updates, insights, and resources tailored for growing Australian businesses.
Disclaimer: The information in this article is general in nature and does not constitute legal or medical advice. Please consult a qualified adviser for personalised guidance.