Show download pdf controls
  • Your business structure

    There are four main ways businesses are set up in Australia – sole trader, partnership, company and trust. Each has different tax responsibilities.

    You're not locked into any of these structures, and you can change the structure as your business changes or grows.

    It’s important to understand the responsibilities of each structure, because the one you choose may affect:

    • how much tax you pay
    • your responsibilities as a business owner
    • the paperwork required for your business
    • ongoing costs.

    If you need advice or help with deciding on a business structure, talk to an accountant, tax professional, solicitor or other business adviser about your particular circumstances.

    See also:

    Last modified: 13 Mar 2017QC 51472