The structure that built your business is rarely the structure that takes it forward.
Entity advice, trust structures, restructuring and the long-game design that protects assets, manages tax and supports the next generation.
Most businesses outgrow their structure. The simple sole-trader or single-company set-up that worked at start-up rarely fits a business with assets, family members, multiple revenue streams or a succession plan in front of it.
Byfields advises on structure and restructure across WA's family farms, transport and civil operators, SMEs and professional services firms.
What we do
INITIAL STRUCTURE DESIGN
The right entity mix for new businesses, with one eye on where you'll be in 10 years.
RESTRUCTURING
Moving from sole-trader to company, introducing a trust, splitting operating and asset-holding entities, changing trustee arrangements.
TRUST ADVICE
Discretionary trusts, unit trusts, hybrid structures, testamentary trusts. Including the Section 100A and trust streaming considerations as the ATO's positions evolve.
SUCCESSION-AWARE STRUCTURES
Design that works with the succession plan, not against it.
ASSET PROTECTION
Separating operational risk from family assets through structure choices that hold up under stress.
When to think about restructuring
❋ Bringing the next generation into ownership
❋ A major asset purchase or property aggregation
❋ Adding a new business line or buying out a partner
❋ Significant change in family circumstances
❋ Tax positions that are no longer working for you
❋ Approaching succession or sale
How we approach it
Restructuring is rarely just a tax decision. It's a family decision, a banking decision, a legal decision and an operational decision all at once. We coordinate across your advisers so the moves work together — and we model the tax, cashflow and family impact of each option before you commit.
Structure built right pays for itself ten years on. Structure built badly costs more than the original advice ever did.
*General advice only — your specific structure requires personal advice from your Byfields adviser