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Business Structure Decision

Hi, I am in the process of a start-up business and would like some advise on the business structure. I am wondering how I should register the business name as a 'sole trader' as this is what i as in the current position, however I plan to grow the business outside of a sole trader, with shareholders and employees,

Should I be registering the business straight up as company? Or should I look at gaining another person (like my partner) to register as a partnership?

I am an Australian resident incase the wording is different for sole trader. 

 

Thanks in advance

Ainz

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