Business structures

Step 1 of 6

Choose a structure for your business

There are different ways to set up a business, each with its benefits and drawbacks. The business structure chosen will affect the way tax is calculated and the amount of tax paid on the business profits.

There are four main types of business structure.

  • Fact 17

    The opportunity to pay income tax in instalments, rather than once per year, was introduced in 1941.

Maximum contribution base

A limit to the amount of superannuation contributions that an employer is required to provide for an employee.

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