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Business, industry and trade

Business structures

In choosing the right legal structure for your business you need to consider a range of issues. Each structure has its own advantages and disadvantages so it is important to consult professional advisers before making the choice.

Review your business structure regularly as the business grows and legislative changes occur.

Regardless of what business structure you choose, you may also choose to trade under a business name.

	Sole trader A person who owns and manages a business on their own.

	Proprietary company A legal entity separate from its shareholders.

	Co-operatives Overview Policy requirements Departure of auditors Pay your invoice online Links for co-operatives Operating as a co-operative Registering as trading Contacts Registration as non-trading Altering rules

	Partnership Two or more people carrying on a joint business together.

	Trust A trust is formed when a business is transferred to a trustee.

	Not-for-profits, incorporated associations and charities Not-for-profits Incorporated associations Charities

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