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Different business structures have different cost and administration obligations. Before changing structures, you may need to weigh the benefits of the current structure you use, against the extra requirements a more complex business structure may require.
The simplest business structure to operate is a sole trader, while a trust is the most complex.
You’re not locked into any structure and you can change the structure as your business changes or grows.
Last modified: 15 Nov 2023
Growing your small business
Steps | Progress | ||||
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Researching and planning your business growth |
5 mins | ||||
Obligations when growing your business |
9 mins | ||||
Changing your business structure |
11 mins | ||||
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Related courses |
1 mins | ||||
Course Feedback |
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