Business structures

 One of the key decisions you’ll make when starting a business is its structure.

Your choice of structure will depend on the size and type of business, your personal circumstances and how much you plan to grow the business.

You can change your business structure as your business grows or your circumstances change. It is a good idea to discuss your proposed structure with your financial, legal or business adviser before starting your business.

Your business structure can determine your:

tax liabilities

responsibilities as a business owner

potential personal liability

asset protection

ongoing costs and the volume of required paperwork.

https://www.smallbusiness.wa.gov.au/starting-and-growing/business-structures 



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