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Date Posted: Thursday, July 11, 03:53:32pm
Author: Small Businessman
Subject: Partnership or company

I am staring up a wholesale manufacturing business. My customers will be retailers. The business is a partnership between myself and my wife. My question is: should I set it up as a company, or remain as a partnership?

The business falls under primary production, so we can get the off road diesel rebate. We have an ABN. I am hoping to write off as much tax as possible. We have other income, being cattle on our property, which can come under the coer of our business if we need to, but would prefer to keep it sepreate.

What is our advice?

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