All businesses come from ideas, but in order for them to be put into practice successfully they need to be registered as a certain type of business.

When you decide to start a business, you have to decide what form it will take.

In Australia, businesses can be registered as one of three types:

.   Sole trader (or sole proprietorship)

.   Partnership

.   Company

Each business structure has its own processes and legal obligations. Similarly, each has its own benefits that are more suitable to different circumstances.

Here at LawPath, we want to help you get your business started the right way –  and that starts with choosing the right structure.