Dental practice

Discussion in 'Starting & Running a Business' started by Dr Sharma, 28th Jan, 2018.

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  1. Dr Sharma

    Dr Sharma New Member

    Joined:
    28th Jan, 2018
    Posts:
    2
    Location:
    Victoria
    Hello everyone,
    This is my first post here. I am a dentist and looking to invest in a new practice. Is there anybody here experienced in setting up a business/tax structure for my situation. I have read about trusts and companies, but all the reading has confused me further.

    I am sure someone here would be willing to help me here.

    Thank you in advance.

    Regards.
     
  2. paddy55

    paddy55 Member

    Joined:
    1st Jul, 2015
    Posts:
    7
    Location:
    Darwin
    Hi, you really need to have a discussion with an experienced accountant or financial planner.
     
  3. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

    Joined:
    18th Jun, 2015
    Posts:
    41,996
    Location:
    Australia wide
    Speak to an accountant about the tax aspects, but you will need a lawyer for the majority of it. Many lawyers can also advice on tax.
     
  4. AnthonyK

    AnthonyK Active Member

    Joined:
    12th Jul, 2018
    Posts:
    44
    Location:
    NSW
    Dear Dr Sharma
    I am a tax planning/business structuring specialist and have owned and operated a shelf company business establishing SMSF's, Trusts and Companies since 1978.
    We had about 140 regular Accountant clients and some law firms but changed direction in 2001 and wound back the shelf company work to concentrate solely on tax planning/business structuring consulting. We are currently engaged by a business to advise on a $400k investment into a property development. The brief is to reduce the clients Income Tax and CGT by $250K over a 13 month period. Our hourly fees are variable at $250 to $500 + Gst.depending on work undertaken and we can offer many testimonials from our past and current Accounting clients.
    You will have to approach the owners of this site regarding any referal contact as soliciting is not permitted here.
    AnthonyK
     
  5. Dr Sharma

    Dr Sharma New Member

    Joined:
    28th Jan, 2018
    Posts:
    2
    Location:
    Victoria
    Thank you all. Much appreciated.