Commonly used for startups and known as “Sole Trader”, this is the cheapest option to start with. As your business grows, you can register for GST and then expand into a Company. The individual is legally responsible for all aspects of the business including debts and losses. Many tradespeople operate their businesses as a sole trader.
Registration Fees Apply
Starting a business with a friend, relative or business partner? A partnership is a form of business where two or more people share ownership, as well as the responsibility for managing the company and the income or losses the business generates.
Registration Fees Apply. Ongoing fees may apply.
A company is a type of business structure that is a separate legal entity from its owners. It’s a complex business structure, with higher set-up and administrative costs because of extra reporting requirements and higher-level legal obligations. The structure, costs and legal obligations make a company structure better suited to a medium to large business.
GET STARTEDRegistration fees and ongoing yearly fees apply
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