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Types of business structures

There are 4 main types of business structures to choose from. They are:

Refer to this table(PDF 265KB) for more details of each type of business structure.

Factors to consider when choosing a business structure

Bài hát vua trực tuyếnThe type of business structure you choose depends on your business needs. You should consider the following factors to determine the best structure for you:

  • How much capital are you prepared to invest?
  • How many owners will there be in the business?
  • What liabilities and responsibilities are you prepared to assume?
  • What risks are you prepared to take?
  • What are the advantages and disadvantages of the different business entities?
  • Is the business entity easy to close?
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