Law Tram simplifies business purchase structuring by connecting you with licensed Australian lawyers who can explain the differences between buying as a sole trader, company or trust. This fully online and obligation-free service helps you understand how each structure affects liability, tax and long-term planning.
When buying a business, one of the most important early decisions is how to structure the purchase. Should you buy it in your own name, through a company, as a partnership, or using a trust? Each option has different implications for tax, liability, asset protection and control.
Many small business buyers rush into a deal using the wrong structure. This can lead to higher tax bills, legal exposure, or the need to restructure later — often at significant cost.
Law Tram connects you with lawyers who can explain your options and help you choose the best legal structure for your business goals.
Start by completing our secure online questionnaire. This step allows you to provide essential details about the business you're buying and your personal or commercial circumstances.
Law Tram’s advanced technology generates a confidential legal summary of your situation while keeping your personal and financial information private.
Your confidential legal summary is shared with our network of vetted lawyers who review your case to determine how they can assist.
If a lawyer believes they can help, they will initiate a chat with you through the Law Tram platform. Your contact details remain private unless you choose to share them.
You are under no pressure to retain any lawyer unless you are confident in their ability to assist. Law Tram empowers you to make informed decisions.
This page provides general legal information to help you understand the issues that may arise when buying or selling a business. It is not legal advice and should not be relied on as a substitute for speaking with a qualified lawyer.
Law Tram can help you connect with a lawyer if you require specific guidance. Note: “Free service” refers only to Law Tram’s platform and process, not the legal advice itself.
Law Tram offers a secure, efficient and supportive way to connect with lawyers who understand the legal issues involved in structuring a business purchase. Whether you are choosing between a sole trader setup, a company structure or a trust, our platform helps you access tailored legal advice before you proceed.
Take the first step with clarity and peace of mind by starting your free online consultation with Law Tram now.
A sole trader is personally liable for debts and legal claims. A company limits personal liability but has more setup and compliance requirements.
In some cases yes, but it depends on your circumstances. Trusts offer flexibility but must be carefully set up and managed. Legal and accounting advice should be obtained.
Yes, but it may involve extra costs, taxes or legal complications. It's best to set the right structure before signing the contract.
Ideally yes. A lawyer focuses on the legal structure and risk, while an accountant advises on tax and compliance. Law Tram can help coordinate with your accountant.
Yes, but it must be set up properly and the purchase must be made in the name of the trustee, not you personally. A lawyer can guide you through the setup.
Company and trust structures usually offer stronger asset protection than buying as a sole trader, but the right choice depends on your financial situation and risk level.
Yes. Different structures can lead to different tax outcomes when you eventually sell, including how capital gains tax concessions may apply.
This is possible in some cases, but it needs careful planning to avoid legal and tax complications. A lawyer can guide you on the safest approach.
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