STRUCTURE SET UPS AND RESTRUCTURES
Having the correct structure for you business is paramount, for both tax purposes, and asset protection. There are many to choose from, each with advantages and disadvantages, depending on your circumstances. Professional advice is essential.
Restructuring can be used for many situations, and can often result in increased asset protection, and reduced effective tax rates. A common reason is where an existing businesses has "outgrown" their current structure, or underdone certain changes, which may warrant a structure change.