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There are extra costs and +/-'s to all the options. Workers comp, super, extra tax (dividends), tax timing (Franked or unfranked), FBT, Personal Services Income perhaps ?? Then there is being registered for all relevant matters eg PAYG Withholding. Personal tax advice is the start and will...

As mentioned earlier - Personal advice is a must. The advice for personal service income would be very different to another small business.