Reading time: 4 minutes

Are you looking to start your own Butcher business or expand your already existing butcher business? If so, it is important that you consider the effect your choice of business structure will have. Many business owners have difficulty choosing the best business structure for them, as all the combinations and permutations of business goals and the business structures available can be overwhelming. However, this need not be the case, for as you begin to decide which business structure is best for your business, you should focus only on the basics. After you have a basic understanding of each separate business structure available to you, it will quickly become apparent which ones will suit your needs, and which ones will not. Consequently, you will then be able to focus on the few structures that will work best for you, avoiding the quagmire in which other business owners find themselves. Finally, you will be able to take this shortlist to a legal professional to ensure you have not missed any legal implications that arise from your choice of business structure, and begin to create the masterpiece that will be your butcher business.

Should I choose a partnership business structure?

One example of a business structure you could choose for your butcher business is that of a partnership. A partnership allows you to pool your resources with other like-minded individuals or business owners. This can help to create a business that is more stable, reliable and financially secure than if you were to run the business by yourself. Such a structure would allow you to see off most competition in today’s competitive environment, and ease some of the strain you would experience if you were to choose something like a sole trader business structure. However, to form a partnership you will need to have complete faith in any partner you would choose.

The primary benefit of a partnership, as opposed to other business structure options such as a company, is that its administration is relatively cheap. Consequently, you do not have to worry about ASIC returns, statutory requirements to keep a register or costs associated with incorporation of a company. The result of this is that you can get a partnership up and running much quicker than other business structures. Also, partners can get a 50 per cent CGT discount that is not available to other structures. Finally, a partnership business structure provides considerable financial flexibility to partners, as profits are shared according to Partnership Agreement, and debt can be deducted against other income partners.

Should I choose a company business structure?

Instead of choosing the partnership business structure mentioned above, you could opt for a company structure for your butcher business. Incorporating allows you to be more aggressive in the running of your business, and poses a threat to many other butcher businesses in Australia. However, it is possible that the additional costs and regulations required to run a company under the law will hinder rather than help you.

The primary benefit of a company business structure is that any financial debt incurred by the company remains with the company. Therefore, unlike a partnership structure, there will be no personal financial risk for you when making business decisions. The price of this enormous benefit, however, is increased running cost, an inability to access profits directly and numerous legal requirements as to how the company is to be run. Consequently, this structure is recommended for a butcher business that is either already established or one with substantial finances and looking to expand quickly.


If you are looking to start you own butcher business or expand your already existing butcher business, it is important that you consider the effect your choice of business structure will have. Although partnership and company business structures are only two options available to you, they are a good place to start, as you begin to gain an understanding of all the structures from which you can choose. If you would like to see a list of some of these business structures, please click here. Finally, if you have any other questions relating to which business structure will best suit your business, please call LegalVision for a fixed-fee quote.


Redundancies and Restructuring: Understanding Your Employer Obligations

Thursday 7 July | 11:00 - 11:45am

If you plan on making a role redundant, it is crucial that you understand your employer obligations. Our free webinar will explain.
Register Now

How to Sponsor Foreign Workers For Your Tech Business

Wednesday 13 July | 11:00 - 11:45am

Need web3 talent for your tech business? Consider sponsoring workers from overseas. Join our free webinar to learn more.
Register Now

Advertising 101: Social Media, Influencers and the Law

Thursday 21 July | 11:00 - 11:45am

Learn how to promote your business on social media without breaking the law. Register for our free webinar today.
Register Now

Structuring for Certainty in Uncertain Times

Tuesday 26 July | 12:00 - 12:45pm

Learn how to structure to weather storm and ensure you can take advantage of the “green shoots” opportunities arising on the other side of a recession.
Register Now

Playing for the Prize: How to Run Trade Promotions

Thursday 28 July | 11:00 - 11:45am

Running a promotion with a prize? Your business has specific trade promotion obligations. Join our free webinar to learn more.
Register Now

Web3 Essentials: Understanding SAFT Agreements

Tuesday 2 August | 11:00 - 11:45am

Learn how SAFT Agreements can help your Web3 business when raising capital. Register today for our free webinar.
Register Now

Understanding Your Annual Franchise Update Obligations

Wednesday 3 August | 11:00 - 11:45am

Franchisors must meet annual reporting obligations each October. Understand your legal requirements by registering for our free webinar today.
Register Now

Legal Essentials for Product Manufacturers

Thursday 11 August | 11:00 - 11:45am

As a product manufacturer, do you know your legal obligations if there is a product recall? Join our free webinar to learn more.
Register Now

About LegalVision: LegalVision is a commercial law firm that provides businesses with affordable and ongoing legal assistance through our industry-first membership.

By becoming a member, you'll have an experienced legal team ready to answer your questions, draft and review your contracts, and resolve your disputes. All the legal assistance your business needs, for a low monthly fee.

Learn more about our membership

Need Legal Help? Submit an Enquiry

If you would like to get in touch with our team and learn more about how our membership can help your business, fill out the form below.

Our Awards

  • 2020 Innovation Award 2020 Excellence in Technology & Innovation Finalist – Australasian Law Awards
  • 2020 Employer of Choice Award 2020 Employer of Choice Winner – Australasian Lawyer
  • 2020 Financial Times Award 2021 Fastest Growing Law Firm - Financial Times APAC 500
  • 2020 AFR Fast 100 List - Australian Financial Review
  • 2021 Law Firm of the Year Award 2021 Law Firm of the Year - Australasian Law Awards
  • 2022 Law Firm of the Year Winner 2022 Law Firm of the Year - Australasian Law Awards