Business structures and registration requirements
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Introduction
Students explore the different business structures that exist. They decide on a business structure that suits a business idea they have and explore the different business and taxation registration requirements of different businesses. They complete the registration process for a hypothetical scenario.
Topics:
- Different business structures
- The business and tax registration requirements for setting up a business
See also:
Student learning resources
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Business structures and registration requirements
Business structures and registration requirements
Which business structure?
Completing an ABN application
Online ABN application
Suggested activity sequence
This sequence is intended as a framework to be modified and adapted by teachers to suit the needs of a class group. If you assign this activity to a class, your students will be assigned all student resources on their 'My learning' page. You can also hand-pick the resources students are assigned by selecting individual resources when you add a work item to a class in 'My classes'.
- Explain to students that while there are several business structures that people can choose when they establish a business, some will better suit their needs than others. Tell students they will be exploring this themselves by using the Australian Government Business website.
- Display the business.gov.au website on a whiteboard or screen.
- Discuss the following:
- Why this website might be a source of the most reliable and credible information.
- What information does the website include?
- How can businesses use this website to support them?
- Why does the government provide this support?
- Students read the explainer or read it as a class.
- Students complete the worksheet. As part of the worksheet, students will be required to complete the online quiz and complete an ABN application using the ABN simulated online form.
- Use a reflection strategy for students to reflect on their learning, such as a reflection pyramid or a 3-2-1.