Currently, sole practitioners make up more than 50 per cent of CPA Australia public practice firms.
However, firm structures are continuing to evolve. Emerging models include partnerships where the new partner does not have to purchase equity in the firm, corporatised models which allow external shareholders and models which allow for differing levels of equity for partners and staff.
If you’re considering entering into public practice, find out more about your pathways (PDF) to attain a CPA Australia Public Practice Certificate to practice in Australia, and the related fees.
If you are already in practice, the resources below will guide you as you establish your own practice. Be clear about what you want your firm to achieve and be aware of how an operating structure is impacted by regulations.
Australian state and federal governments provide access to complimentary business plan templates, including those available at business.gov.au and business.vic.gov.au.
CPA Australia also provides guidance on completing a business plan and peer commentary on the importance of strategic planning.
CPA Australia resources
Australian Government resources and support