Sole Trader Business Structure Australia - Pros & Cons
In this video Dannie McKinnon from The Field Group Accounting will be talking about the Sole Trader business structure and why you might consider structuring your business as a Sole Trader.
A sole trader is the simplest form of business structure and is relatively easy and inexpensive to set up. As a sole trader you will be legally responsible for all aspects of the business. You’ll generally make all the decisions about starting and running your business and you can employ people.
To learn about the other business structures available in Australia watch our other videos below:
COMPANY - • Company Business Struc...
TRUST - • Trust Business Structu...
PARTNERSHIP - • Partnership Business S...
For more information visit fieldgroup.com.au
This document contains general advice only and is prepared without taking into account your particular objectives, financial circumstances and needs. The information provided is not a substitute for legal, tax and financial product advice. Before making any decision based on this information, you should speak to a licensed financial advisor who should assess its relevance to your individual circumstances. While The Field Group believes the information is accurate, no warranty is given as to its accuracy and persons who rely on this information do so at their own risk. The information provided in this bulletin is not considered financial product advice for the purposes of the corporations Act 2001.
Пікірлер: 21
Simple, concise and straight to the point. Great video for anyone just beginning to consider operating their own business.
@fieldgroupaccounting
4 жыл бұрын
Thank you Peter
This is so well done! Great content and editing as well. Keep it up.
Easy to understand and well presented Thanks for your time
Fantastic explanation thank you 😊
Great video, Subbed!
Hi Dannie, Thank you for your video!!!!
Thanks this was really helpful 😄
Thanks for sharing, this was very easy to understand, very concise and well explained. you´re the best!!!!!!
@fieldgroupaccounting
4 жыл бұрын
You're welcome!
Thank you
Hello guy i am from Cambodia just see your idea is very nice in the business
Very good video. Helped my a lot with my many questions. Thank you
@fieldgroupaccounting
4 жыл бұрын
You're welcome!
Hi Dannie , thank you for the video, can you please advise if there will be any limitation for product and public liability for sole traders? Any range, please advise.
Hi Dannie, thanks for sharing information in simple and easy words. I would like to business as sole proprietor for IT (websites/software developer). For that will hire employees from other countries. Is there anything should I consider before register business? Thanks.
Can you register trading names under a sole trader business or is it best to register a company name and then put other trading names under that company name?
If I am a sole trader but some of my work has been paid on a companies payroll (not via my sole trader), do I include these in my tax submission? where would I put these values to include in tax submission? e.g. Super, PAYG, Gross pay etc
if i was earning under 75K and opted out of gst what are the advantages and disadvantages of doing so?
I earn about 100k at my job but i want to start a side hustle doing marketing. Ive got a ABN already what do i need to do now? Is a company name compulsory? I would like to offset internet electricity etc as i will be working from home and to other locations of clients. As a sole trader u mentioned that the income i make will be considered as personal income. So will this make any difference in my situation?