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Updated: Jan 8, 2021

When you start a business is very important to choose an adequate business structure before you start trading. Look below different structures:

There are several business structures, the first four are the most widely used in Australia:


Sole trader - an individual trading on their own.

Partnership - a number of people or entities running a business together, but not as a company.

Company - a legal entity separate from its owners.

Trust - an entity that holds property or income for the benefit of others.

Co-operative - member-owned business organisation with at least five members.

Incorporated association - an entity usually established for recreational, cultural or charitable purposes.


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