Pros

liability for shareholders is limited. it's easy to transfer ownership by selling shares to another party. shareholders (often family members) can be employed by the company. the company can trade anywhere in Australia. taxation rates can be more favourable.

Kontras

the company can be expensive to establish, maintain and wind up. the reporting requirements can be complex. your financial affairs are public. if directors fail to meet their legal obligations, they may be held personally liable for the company's debts.

Pros

- Lots of room for movement internally - Strong connections to big players at apparel companies - Profit driven, gives you an almost consulting like approach to numbers

Kontras

- Bad preparation of people managers - Borderline illegal "stretch" scheme to promote people without paying them - Highly political review cycle that is incredibly un-transparent