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Inquiry Question

Why is it important for a business to select the correct structure prior to establishment?

Resources

Business Structures and Types

This resource will explain the different structures that a business can select upon establishment. 

Link: Business Structures and Types

Implications of Structures

This resource contains up-to-date information about businesses and potential implications of the structures people may choose.  

Link: Implications of Structures

“Starting a Business” Webinar Series

This resource is a You Tube clip created Westpac bank. It is free “Starting a business” webinar series takes you through the essential steps you need to take to start a business. 

Link: Webinar

Teacher Notes

Choose a business that interests you. It may be a local, national or international business. 

Using your research techniques, find out as much as you can about the business you have chosen on the internet or any other means you may have available.  

Think about the following as you are conducting your research: 

  • What type of business is it and how is it structured? 
  • What are some of the business’s key products/services? 
  • How did the business decide on the products/services? 
  • What else about the business is of particular interest?