A sole proprietorship, partnership, LLP and company serve different needs. Start by understanding ownership, responsibilities and ongoing record keeping.
Consider your needs
Think about the number of owners, funding plans, responsibilities and the way you expect the business to grow.
Look beyond registration
A structure also brings continuing accounting, tax and filing obligations. Consider the ongoing work and cost when assessing your options.
Get advice for your situation
Discuss your plans with a qualified adviser before choosing a structure. There is no single option that suits every business.
This sample guide is for learning and general reference. Check current applicable provisions and consult a qualified adviser before making tax or compliance decisions.
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