Accounting
Choose the right business structure step-by-step guide
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Published date
December 13, 2025
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From practical tips to free tools, we share what you need to manage your money and plan for the future with confidence.
Take out the guesswork out of choosing the right structure for your business
.
Sole trader? Company? Partnership? When you first start a business, you'll need to decide on its structure. Your business structure identifies how you operate as a trading business. It'll affect things like:
- who can make important decisions
- tax advantages and disadvantages
- how profits and losses are shared
- legal obligations and costs
Use our step-by-step guide to help decide what business structure is right for you.
Start here
business.vic.gov.au
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