COMPARISON OF STRUCTURES
8
8.000 COMPARISON OF STRUCTURES
Overview of tax issues to consider in choosing or reviewing investment and business structures.
| Issue | Sole trader | Partnership (see 7.000) |
| Unsecured business debts | Personally liable for all debts | Personally liable for all partnership debts |
| Potential for splitting income | No, except for payments to associated parties | Between partners |
| Streaming of income | N/A | No |
| Offset of entity’s losses against personal income | N/A | Yes (subject to non-commercial ... |
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