How to Start a Business in Australia – Choosing a Business Structure (Trusts)

If you think this photo is confusing, then wait until you read about Trusts ...

In the last few tutorials in this series, we’ve taken a look at two of the four main business structures in Australia – the Sole Trader business structure, and the Partnership business structure. Now it’s time to look at another business structure – the Trust. The main benefit of operating a Trust is that it gives you flexibility in how income is distributed.  Continue reading

How to Start a Business in Australia – Introduction

Whenever discussing "business", it's compulsory to show a photo of several corporate-types sitting around a monitor pretending to be working ... I promise I will never include such a photo on this blog.

These days there are quite a number of resources (both online and offline) that can help you with the formal requirements of starting a business and ensuring you do it properly. There are a tonne of business books and government services that have been created for this purpose.

But personally, I often find some of these to be less helpful than they could be. They can be poorly written, overly complicated, or just plain OVERWHELMING. So my goal here is to simplify them, and create a “digestible” series of tutorials that get you on the way. This series includes the following tutorials: Continue reading