When to Switch from a Sole Trader to a Company | Sole Trader vs. Company

When starting a business, you may come across the situation of should you run as a sole trader or should you get up a Pty Ltd Company. In today’s video, I will talk about the pros and cons of being a sole trader or running a small company. I also talk about when you should switch from a sole trader to a company.
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📖 Chapters
0:00 Intro
0:17 Sole Trader vs. Company
0:55 Sole Trader Basics
2:32 Company Basics
4:42 When to Switch to a Company
7:57 Summary
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Ethan 'Rooshock' (Rucioch) is an Australian business owner in his mid 20's. He is the owner and director of Rooshock Accounting, an accounting firm. He is also the creator of an NFT project, Rooshocks. In his spare time, he enjoys travelling as well as watching countless hours of sport. On this channel you will find a range of different content, including personal finance, business advice, tax tips, crypto tax tips, NFT discussions and even some social media marketing content.
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Disclaimer
The information in this video and on this YouTube 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 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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#soletradervscompany #soletrader #company