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Selecting the correct business type
This article provides an explanation of each business type option available in step 2 (Tell us about your company) of the verification flow.
BUSINESS TYPE |
DESCRIPTION |
Limited Company |
Your business is a legal entity in its own right and can be owned by one or multiple people (shareholders).
There are two types of limited company in Australia:
- Proprietary Limited Company (Pty Ltd)
- Limited Company (Ltd)
|
Individual / sole trader |
You are a self-employed individual and sole owner of your business. |
If you're still unsure on how to proceed, please raise a ticket with our Support team for further assistance.