In Australia there are 4 main business structures to pick from. You can either be a sole trader, a partnership, a trust or a company. In this video I go through each business structure that is available in Australia and talk about the pros and cons of each.
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⌚️Timestamps
0:00 All Business Structures in Australia
0:17 Sole Trader
2:03 Partnerships
4:45 Trusts
7:57 Companies
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WHO AM I:
Hey there, I'm Ethan - an accountant turned KZreadr and business owner. My goal is to empower others to build businesses that not only maximise wealth but also optimise for taxes. Join me on this channel as I delve into topics like business strategies, structuring, and tax minimisation.
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Disclaimer
Every effort has been made to ensure that the information in this video is accurate. The information in this video and on this KZread channel is for entertainment and general information purposes only. It should not be taken as constituting professional advice. You should not rely on it as financial, legal or tax advice. There are always risks in any financial decision and all decisions should be made on an individual basis. You should conduct your own research and seek independent professional advice where needed. Some of the links in this video or video description may be affiliate links. Ethan Rucioch, Rooshock Enterprises Pty Ltd, Rooshocks NFT Pty Ltd or any other related party may receive a commission through these.
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#structures #businessstructures #taxstructures