First Principles of Business Law
Business organisations in Australia

2. Sole traders

Question 11. If a sole trader's business grows significantly, can it be transformed into a different business structure?

 

 

 

Read the statements below and select the best one.

(a) Yes, a business that is created in one particular form can be transformed later to a different type of business organisation.

(b) No, once a particular business is created in a particular form, it cannot be changed into some other type of business organisation.

 

 

 

 

 

 

 

  
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