Business structures

Sole trader, partnership, company or trust? One of the key decisions you’ll make in business is choosing (or deciding to change) its structure. Learn more about the key features, advantages and disadvantages of each.

Choosing your business structure

The 4 most common types of business structures in Australia are:
  • Sole trader: the simplest structure, gives you full control.
  • Partnership: made up of 2 or more people who distribute income or losses.
  • Company: more complex, limits your liability because it's a separate legal entity.
  • Trust: trustee is reponsible for business operations.

Do you worry about getting your GST, BAS and payroll right?

Would you like to:
  • Save time on your record keeping so you have more time to focus on other aspects of your business?
  • Reduce the stress around meeting your GST and payroll reporting obligations?
  • Have reliable data and reports to help you to understand how your business is performing, manage your cash flow, make more informed decisions and improve your business?
I’m Sharon, a registered BAS agent with more than 20 years' experience in the industry.Get in touch to find out how I can support you and your business to stay on top of your numbers to run a successful business.
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