Organization & Management
The type of legal structure selected for your company is one of the most important decisions you will make for your business. Not only will this decision impact how much you pay in taxes, it will affect the amount of paperwork your business is required to do, the personal liability you face, your ability to raise money, and flexibility as your business grows and changes.
Tasomi Group, SPRL, knows that there is no one size fits all approach. We have established entities on behalf of clients in Asia, Europe, and the U.S., and know that each situation is different.
When advising on the type of business entity you choose, we look at four primary factors: liability, taxation, record-keeping, and future flexibility. When making a decision on the type of structure to establish, it is critical to identify to what extent the owner needs to be insulated from legal liability. The protection of personal assets is often the number one reason clients seek to incorporate. A second category of factors we consider are the tax implications and the opportunities to minimize taxation as some structures provide significantly more opportunities for tax savings than others. Third, the cost of formation and ongoing administration are key factors to consider. In some cases, the tax advantages of a corporation may not offer enough benefits to offset other costs, such as the high cost of record-keeping and paperwork, of conducting a business as a corporation. Finally, when advising companies on the right business structure, our experience shows that the business structure you start out with may not meet your needs in the years to come. Whatever structure you establish, whether a “light footprint” or a deep immersion in the market, Tasomi Group, can provide an assessment of the structure’s flexibility for growth or subsequent sale or divestment. Our approach will always consider both an exit strategy and a growth strategy.