There are several different ways that a business can be owned, and each has its own benefits and disadvantages.
It is important to ensure that whichever structure is chosen, the business name must be registered and must comply with relevant licensing requirements. See Registration and Licensing for more information.
Other aspects to consider are considered in more detail in the following headings:
- Intellectual property - to protect ideas, designs and products, and trademarks
- Working finance - to fund the start up of the business until it becomes financially independent
- Leasing premises / working from home - deciding where to locate your business
Business owned by a person : Last Revised: Tue Jan 10th 2017
The content of the Law Handbook is made available as a public service for information purposes only and should not be relied upon as a substitute for legal advice. See Disclaimer for details. For free and confidential legal advice in South Australia call 1300 366 424.
The content of the Law Handbook is made available as a public service for information purposes only and should not be relied upon as a substitute for legal advice. See Disclaimer for details. For free and confidential legal advice in South Australia call 1300 366 424.
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