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Business structure
Business structure can determine:
- tax liabilities
- responsibilities as a business owner
- potential personal liability
- asset protection
- ongoing costs and the volume of required paperwork.
Your choice of structure will depend on the size and type of business, your personal circumstances, and how much you plan to grow the business.
You can change your business structure as your business grows or your circumstances change.
Business structure can determine your responsibilities as a business owner.