- Title
- Selecting a business structure
- Creator
- Barnes, Lisa; Leow, James
- Relation
- Australian Master Accountants Guide p. 19-57
- Relation
- http://www.cch.com.au/au/onlinestore/ProductDetails.aspx?PageTitle=Australian-Master-Accountants-Guide&ProductId=2454
- Publisher
- CCH Australia
- Resource Type
- book chapter
- Date
- 2009
- Description
- A number of different structures can be used to carry on a business or for investments. Each structure must satisfy different legal requirements and may have its own advantages and disadvantages (or limitations) as well as different treatment under the income tax laws. In choosing the most suitable structure for a business, or to hold investments, it is important to fully understand the characteristics of each structure and its suitability in each case. This chapter summarises the main issues relevant to choosing the structure for business. The entities covered are: sole trader or proprietorship ; partnerships ; trusts, including discretionary trusts, unit trusts and other fixed trusts ; proprietary limited companies ; other special purpose entities, including service entities and joint ventures. For each type of entity, the chapter addresses: general characteristics relating to each entity, and advantages and disadvantages of each entity. The decision to start or acquire and operate a small business is a big decision, and the choice of business structure is a significant consideration.
- Description
- 2008-09 ed.
- Subject
- business structures; partnerships; taxation; sole traders
- Identifier
- http://hdl.handle.net/1959.13/918307
- Identifier
- uon:8574
- Identifier
- ISBN:9781921322617
- Language
- eng
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