Menu
Business Structure

Sole Trader

As a sole trader, you are the sole owner and have all of the control. The business can trade under your name or a registered business name. You will need to register your business name, and get an ABN. The income you earn from the business is treated as your own, so you will pay tax at the same rate as individual tax payers.

PROS

  • It's easy and is lower cost to set up
  • As the owner, you have 100% control and keep all of the profit
  • There's less compliance and legal requirements

CONS

  • As the owner, you have unlimited personal liability
  • The business has no back-up if you fall ill
  • It can be more difficult to raise finance

Back to Services

Matt Rowett

SAY HELLO TO...

Matt Rowett
Director

WANT to FIND OUT more?

Matt and our enthusiastic team are always available to discuss how we could help you with improving your business, so get in touch with us today.

Contact any of our offices today

SUBSCRIBE TO OUR eNEWSLETTER keep up to date with our monthly enewsletter
* essential