https://padlet.com/coo0028/gzkw2zdelfgj Made with a warm hug en-us 2017-07-21 01:44:21 UTC 2017-07-21 02:31:47 UTC hello@padlet.com coo0028 https://padlet.com/coo0028/gzkw2zdelfgj/wish/179160235 A sole trader business structure is a person trading as the individual legally responsible for all aspects of the business.

2 advantages
. Is simple to set up and operate
. Gives you full control of your assets and business decisions
2 disadvantages 
. You can't split business profits or losses made with family members
. Any losses incurred by your business activities may be offset against other income earned 

Tax obligation
youre personally liable to pay tax on all income.

]]> 2017-07-21 01:57:02 UTC https://padlet.com/coo0028/gzkw2zdelfgj/wish/179160235 coo0028 https://padlet.com/coo0028/gzkw2zdelfgj/wish/179161739 A company is a type of business structure. You may consider a company structure when starting or growing your business

2 Advantages
.  This means the company has the same rights as a natural person and can incur debt, sue and be sued

.  The company’s owners (the shareholders) can limit their personal liability and are generally not liable for company debts
2 Disadvantages
. A company is a complex business structure, with higher set-up and administrative costs because of additional reporting requirements
. You need to register a company with the Australian Securities and Investments Commission 

Tax obligations
You must p[ay GST



]]> 2017-07-21 02:22:11 UTC https://padlet.com/coo0028/gzkw2zdelfgj/wish/179161739 coo0028 https://padlet.com/coo0028/gzkw2zdelfgj/wish/179162180 A partnership is a business structure that involves a number of people who carry on a business together.
2 Advantages 
. It's relatively easy and inexpensive to set up

. It's not a separate entity - like a ,sole trader you and your business partners are personally liable for the debts of the business
2 Disadvantages 
.
.

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