When commencing or acquiring a business or deciding to reorganise your business, you usually have a choice in deciding which type of structure you will use for business operations.
If you decide to operate the business in your own name, you are a sole trader. If you decide to join with another person or persons and share profits and losses at an agreed ratio, you will be operating as a partnership.
Other business structures include companies, discretionary and unit trusts.
Read more about the different business structures by following the links below