In Australia there are three main types of sole trader business structures:
Self-employed owner - Being a self-employed owner essentially means you conduct your business or trade with the purpose of earning a profit. This type of sole trader structure can be operated on a full-time or part-time business, depending on the needs, limitations and goals of the business.
Franchise - The franchise model works with the sole trader (also known as the franchisee) signing an agreement with a franchisor to use their company brand in exchange for an agreed fee or other financial contract.
Independent contractor - While working as an independent contractor for an employer, you will still need to pay your own tax as it is not deducted from your pay and will not be entitled to receive the typical perks and benefits provided to employees of the business. An advantage of working as an independent contractor means you have the freedom to accept or decline assignments, giving you more control over the type of work you do and the load.