Structure of the business The business profile form requires you to identify the structure of your business. To assist you in determining your business structure, a brief description of each business type is provided below: Sole trader an individual who is the sole business owner and trades in – their own name or under a trading name Company an entity incorporated under the Corporations Act 2001(Cth) – or incorporated under the law of a foreign country Trust fund or property held or administered by a trustee for the benefit of – others Partnership a relationship between two or more persons carrying on a – business in common with a view to profit Unincorporated association a group of people acting together without – view to profit (for example, a sporting club) Corporation sole corporation consisting of one natural person holding a – particular office and his/her successors to that office (for example, the Archbishop of Sydney) Body politic a government of the Commonwealth, a State or Territory, – or an unincorporated agency that forms part of such a government, or government body incorporated under the law of a Commonwealth, State or Territory for a public purpose. Other Co-operative an organisation owned, controlled and used by its – members and incorporated under the relevant state or territory Act such as the Co-operatives Act 1992 (NSW) Incorporated association a corporate body that is registered – with or under the relevant State or Territory Act Superannuation fund a fund that is a provident, benefit, – superannuation or retirement fund or public sector superannuation fund Joint venture an association of persons for particular trading, – mining or other financial activities with a view to mutual profit. Syndicate a group of persons working together for a common – purpose.
Structure of the business The business profile form requires you to identify the structure of your business. To assist you in determining your business structure, a brief description of each business type is provided below: Sole trader – an individual who is the sole business owner and trades in their own name or under a trading name Company – an entity incorporated under the Corporations Act 2001(Cth) or incorporated under the law of a foreign country Trust – fund or property held or administered by a trustee for the benefit of others Partnership – a relationship between two or more persons carrying on a business in common with a view to profit Unincorporated association – a group of people acting together without view to profit (for example, a sporting club) Corporation sole – corporation consisting of one natural person holding a particular office and his/her successors to that office (for example, the Archbishop of Sydney) Body politic – a government of the Commonwealth, a State or Territory, or an unincorporated agency that forms part of such a government, or government body incorporated under the law of a Commonwealth, State or Territory for a public purpose. Other Co-operative – an organisation owned, controlled and used by its members and incorporated under the relevant state or territory Act such as the Co-operatives Act 1992 (NSW) Incorporated association – a corporate body that is registered with or under the relevant State or Territory Act Superannuation fund – a fund that is a provident, benefit, superannuation or retirement fund or public sector superannuation fund Joint venture – an association of persons for particular trading, mining or other financial activities with a view to mutual profit. Syndicate – a group of persons working together for a common purpose.
abpf-explanatory-guide-2015.docx