BUSINESSENTITIES<br />Business Structures<br />
1.	Operation Of A Small Business<br />Sole Trader<br />Partnership<br />Discretionary Trust<br />Unit Trust<br />Company<b...
2.	Sole Trader<br />John J Smith<br />&quot;John J Smith Nursery&quot;<br />Personally liable<br />Personal assets<br />ww...
3.	Partnership<br />Liability is unlimited<br />Written Partnership Agreement<br />www.lewistaxation.com.au<br />
Settlor<br />Trustees<br />www.lewistaxation.com.au<br />4.	Discretionary Trust<br />
Alternative to a Partnership<br />Units<br />Trustees<br />Settlor (may have)<br />www.lewistaxation.com.au<br />5.	Unit T...
Public Company<br />Private Company<br />Private Company - the most popular entity for small businesses<br />One Director ...
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Business Structures

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Business Entities series: Business Structures. Paper 03.01

Published in: Business, News & Politics
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Business Structures

  1. 1. BUSINESSENTITIES<br />Business Structures<br />
  2. 2. 1. Operation Of A Small Business<br />Sole Trader<br />Partnership<br />Discretionary Trust<br />Unit Trust<br />Company<br />www.lewistaxation.com.au<br />
  3. 3. 2. Sole Trader<br />John J Smith<br />&quot;John J Smith Nursery&quot;<br />Personally liable<br />Personal assets<br />www.lewistaxation.com.au<br />
  4. 4. 3. Partnership<br />Liability is unlimited<br />Written Partnership Agreement<br />www.lewistaxation.com.au<br />
  5. 5. Settlor<br />Trustees<br />www.lewistaxation.com.au<br />4. Discretionary Trust<br />
  6. 6. Alternative to a Partnership<br />Units<br />Trustees<br />Settlor (may have)<br />www.lewistaxation.com.au<br />5. Unit Trust<br />
  7. 7. Public Company<br />Private Company<br />Private Company - the most popular entity for small businesses<br />One Director and one Shareholder<br />Separate legal entity<br />Not subject to a time requirement<br />Discretionary Trust wound up<br />www.lewistaxation.com.au<br />6. Company<br />
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