Having the right business structure can provide many benefits. It is important to choose the appropriate structure for your business to make use of certain legal and tax advantages.

The main types of business structures are;

  • Sole Trader
  • Partnership
  • Company
  • Trust

With some issues to consider on each structure, such as;

  • Set up costs
  • Legal and tax obligations
  • Asset protection

Distribution of profits, losses and capital gains