Business Structures: Which one is right for you?

Practical business tipsBookkeeping and tax matters
Written By Zoe Scott

EPISODE 3

 

Notes

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.

LINKS:

Previous episode mentioned: 

Episode 2: Improve your business finances today with these 3 steps

 

About the
Author

Bec is a chartered accountant who worked at Australia’s big firms and banks for 15-years. Faced at a crossroads in her career, she backed herself, left her corporate job and launched Straight Up Bookkeeping. 3 years and 5 staff later, Straight Up Bookkeeping is one of Australia’s leading virtual bookkeeping businesses for creatives, with a mission to free business owners from financial stress so they can grow their empires.

 
 

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Zoe Scott
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