However they are also more complex structures, and cost more to set up and administer.
This week’s infographic takes a look at Companies: their key features, pros and cons.
Next week we’ll bring you the final in our Business Structure infographic series: Trusts.
If you would like advice regarding how to structure your business entity, contact the experienced business advisory team at JPAbusiness for a confidential, obligation-free discussion.
James Price has over 30 years' experience in providing strategic, commercial and financial advice to Australian and international business clients. James' blogs provide business advice for aspiring and current small to mid-sized business owners, operators and managers.