Opening a B&B or guest house?

Can anyone tell me which is better, as in, what are the differences in legal requirements and such between a B&B and a guesthouse in Victoria? My wife and I have purchased a property near the snowfields and would like to run a B&B or guest house in semi-retirement. I know there are different rules and regulations... show more Can anyone tell me which is better, as in, what are the differences in legal requirements and such between a B&B and a guesthouse in Victoria? My wife and I have purchased a property near the snowfields and would like to run a B&B or guest house in semi-retirement. I know there are different rules and regulations for the 2 types of establishment but would like to know from someone who has experience in this field.
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