This week we released another “How To” guide on the website: How to Choose the Right Business Structure in Australia. This guide answers another frequently asked question we get here at Legal123 and takes the number of “How To” guides to (lucky) 13.
The guide takes you through the 4 most common options for structuring your business in Australia:
- Sole Trader
- Trust, or
- Pty Ltd Company
Each business structure option is described and then we explain the pros and cons of each option. It’s important you understand the personal risks you have when running your business using each of these structures – so we explain it clearly in this guide.
There’s also a handy table at the end of the guide that summarises these pros, cons and risks. And we even explain the registration process (ASIC, ATO, IP Australia, etc.) that you’ll have to go through after you’ve chosen the best business structure for you.
We don’t want any “fluff” on Legal123 and so each of our guides are packed with useful and actionable advice for Australian online, startup and small businesses. If you haven’t checked out the “Guides” section of the website, you should go there now.