Based on your requirements, you should choose one of the following structures:
Sole Proprietorship: Simple structure where you are personally responsible for all liabilities.
Partnership: Shared responsibility between two or more people.
Company (Corporation): A separate legal entity that limits personal liability.
Trust: A legal arrangement where a trustee manages assets on behalf of beneficiaries.
If you are planning to set up a business, YS Accounting can help you choose the best business structure. Please feel free to schedule an appointment with us our website at www.taxbne.com.au/.
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