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Understand why different structures may be used and the advantages & disadvantages of each.
This course will provide an overview of the common business types (such as sole trader, partnership, company & trust), explain how they operate and why one may be used over another.
It will cover key aspects to consider when choosing a business structure and some of the compliance aspects that need to be adhered to and taken into account.
Topics covered are:
• The difference between a sole trader, partnership, company & trust
• Advantages and disadvantages of each
• Taxation differences between them
• When corporate trustees and limited partnerships may be used
