Business Structure

Business Structure
When Comencing a business, it is important to considr the best form of proprietorship or ownership of the business. There are four basic entities which are presently available:
-Sole Traders
-Partnership
-Company
-Trading Trust
The following points are a brief outline of these four entities. And i will be covering the Company part in this report.
Company
A business may be conducted by a Company as an entity in its own right and comes into existence by incorporation under Companies legislation which also regulates the running of the company and sets out the duties of it…