Do I Set Up A Group Structure?

[GafBoy]

Hi,

I currently run a retail business and am planning to opening up a few more stores in the future. I am considering establishing a group structure, as I believe it could offer significant tax and operational benefits. Although it may involve additional administrative work, I think the potential advantages could make it worthwhile.

Had anyone got any advice? It would be most appreciated!

Thank you in advance.

 

[Mark T Jones]

You'd definitely need dedicated advice on the tax aspect.

I know that many retailers use a group structure to simplify sale and acquisition of individual stores.

 

[GafBoy]

You'd definitely need dedicated advice on the tax aspect.

I know that many retailers use a group structure to simplify sale and acquisition of individual stores.

Thank you Mark.

 

[Lisa Thomas]

Speak to your accountant. If you don't have one, I'd be happy to recommend one. Feel free to DM me.

 

[MyAccountantOnline]

Hi,

I currently run a retail business and am planning to opening up a few more stores in the future. I am considering establishing a group structure, as I believe it could offer significant tax and operational benefits. Although it may involve additional administrative work, I think the potential advantages could make it worthwhile.

Had anyone got any advice? It would be most appreciated!

Thank you in advance.

That's just not enough information to give any opinion. It's something you really do need proper specific advice on from an accountant.

 

[Bobbo]

I am considering establishing a group structure, as I believe it could offer significant tax and operational benefits.

What tax and operational benefits are you foreseeing?