Business structures

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Businesses are set up with differing structures. What are the advantages and disadvantages of each structure? Why does it matter? Explore some of the activities associated with starting up a business.

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  • Fact 14

    Women were employed for the first time at the ATO in 1917 as a result of the increased number of taxes due to the war and the loss of men to the war front.

Limited liability

The limit placed on the responsibility of shareholders to pay for the debts of a company. Sole trader and partnership arrangements do not offer the business owner limited liability.

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