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Let's face it - business structures can feel like a maze built by accountants after too much coffee. Sole trader, partnership, company, trust - it's enough to make your head spin faster than end-of-quarter reports. One wrong turn, and you could find yourself taxed in more ways than one. But don't worry - cracking the code of business structures doesn't have to be a number's nightmare. With the right guidance, you'll go from "What's an ABN again?" to "I've got this structure sorted" faster than you can say "profit margin".
Understand the key differences between sole traders, partnerships, companies, and trusts so you finally know what each means for your business.
See how each structure stacks up for tax, legal, and liability implications with clear, actionable insights tailored to your business stage.
Access practical tools that give you a strong foundation for productive conversations with your advisor, helping you choose the business structure that truly supports your goals.
Our Smart Guide to Understanding Business Structures gives you clear, detailed summaries of each business structure so you can have confident, informed conversations with your accountant about the best fit for your circumstances.
A simple breakdown of the main business structure types
Advantages and disadvantages of each business structure type
Questions to ask your accountant before choosing your structure
Helpful graphs that show the structure process
Next steps for setting up a business structure
Get the guide that explains business structures simply.
General Advice Warning
The material and information included in the guide, including its contents and handouts is provided solely for general information
purposes and is not intended to and does not constitute accounting, taxation, financial or other professional advice. Whilst all care
is taken in the preparation of this material, no warranty, guarantee or representation of the accuracy, timeliness or reliability is given
with respect to the information provided or that the information is fit for a particular purpose. McConachie Stedman and any member or
employees of McConachie Stedman expressly disclaims any liability arising from the use or reliance on the information provided, the
presentation, its contents and any handouts provided.
If you require professional or specialist advice, you should seek professional advice on the financial, legal and taxation implications before making any such decisions.