Sounds like a "partnership" where the liability for debts are shared between partners (as is income and equity). Australia has 3 "corporate" trading structures

Sounds like a "partnership" where the liability for debts are shared between partners (as is income and equity). Australia has 3 "corporate" trading structures and trusts for holding assets: * Sole Trader * Company * Partnership https://www.business.gov.au/planning/business-structures-and-types/business-structures https://www.business.gov.au/planning/business-structures-and...