Choosing the legal structure - sole trader, company or partnership - that best suits your business type is a top priority.  

Member-only solutions: 
  • Access the Legal Advice Line for a free and objective expert consultation on the best business structure for your business. 

Useful resources:
  • A brief explanation of the different business structures can be found here
  •  If you’re just considering between being a sole trader or a company, here’s a great checklist outlining the difference.
  • All businesses – sole trader, partnership or company – that operate in NSW must register with the Australian Securities and Investment Commission (ASIC) online.
  • Once registered with ASIC, you might consider whether you need to register for an Australian business number (ABN) which is free when you register with the Australian Business Register (ABR). All information on whether you need one, benefits for business and applications can be found on the site.