Updated: 14 July 2020 If you’re a sole trader or in a partnership, you’re likely assessing Pty Ltd Company advantages and whether setting up a Pty Ltd Company would be suitable for your situation. Many clients ask me why they should set up a Pty Ltd company. The answer to that is – it depends….
When winding up a company, you must follow the correct process to ensure that your proprietary limited company has officially ceased to exist. Without doing so, you are still obligated to perform regulatory reporting and incur fees on an annual basis. Furthermore, the company will be at risk for exposure to future liabilities that may…
Are you starting your own business? Starting a business is an exciting time for any entrepreneur. Often times, this can be bogged down by the legal landscape of business registrations and the accompanying paperwork that is often involved in ensuring your business is legally permitted to operate in Australia. Without the assistance of an accountant,…
A comprehensive comparison table to help you to decide the most suitable business structure for you!
Choosing a business a sole trader vs company business structure can be confusing as each individual’s business situation is different. In our experience, many business owners consider between a sole trader vs company business structure when they’re looking to reduce tax liability, grow their business and to limit their personal assets from risk. In a…
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