In Australia, there are three different types of business structures: sole trader, partnership and company. I want you to understand the differences in the structures because I want you to have a thorough understanding of the different ways you can pay yourself, claim tax and set up your business.
In this episode, I’m discussing all aspects of choosing your business structure. I’ll explore the different types of structures, the benefits and risks of each, which one you should choose to fit your business, and why you may need to change in the future.
This is an important first decision for your business so I encourage you to take the time to research which option will suit you the best - now and in the future.
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