In Australia, there are four main business structures commonly used by small businesses. They are; sole trader, partnerships, companies and trusts. Each structure has its advantages depending on the needs of the business in the areas of tax, asset protection, control and succession, flexibility as well as set-up and ongoing costs.
In this blog we look at the legal aspects in the above areas for the simplest of the four structures, a sole trader.
Read more of Katherine Hawes’ article for Women’s Network Australia here: http://www.womensnetwork.com.au/blog/business-structures-sole-trader#ixzz4gdg2ilqn