Your Business Structure

When starting a business there are some important steps to take to make sure you implement the correct structure. This module will provide you with the knowledge and skills required to develop and implement the most appropriate business structure for your own practice, as well as how to apply these skills when providing advisory services to your clients.

It will also provide you with the knowledge to transition to a new structure if needed as the business grows.

You will learn about the different business structures that are available, including sole trader, partnership, company and trust. You will identify the benefits, costs and risks of each structure to help you choose the structure that is most suitable to you or your clients needs.

There are important regulatory and compliance issues to consider when making this decision, and this module will help you to analyse these requirements when starting a new business or changing business structures.

Key Topics

• What business structures are available?
• Understanding the benefits, costs and risks of different business structures
• Choosing an appropriate structure
• Regulation and compliance

This course consists of one online course and one online assessment.

This module is one of a series within the Governance component of the My Firm. My Future. Framework. It is designed to complement other learning modules in the My Firm. My Future. suite.