Sole Trader Business Structure Explained Simply

Discover a simple explanation and the pros and cons of a sole trader business structure in this enjoyable animated explainer.

[@MCLottotv]

Interesting! I operate a freelance lottery messenger service. I'm currently home based but I want to scale to mobility and work remote.

[@adegbiteayobami6305]

As electrical engineer is limited or unlimited???

[@F14-talktomegoose]

I think the liability issue is clouded these days . I operate under a trust structure , but I need to give a personal guarantee with every trade account I open , so I'm on the hook regardless

[@mark-cunningham]

For sure. Even company directors need to give personal guarantees sometimes.

[@gavinsmith8599]

My daughter is 16 and has started selling homemade crafts at various markets. Can she register a business name and ABN (as a sole trader?) since she is under 18 years?

[@aliceghlez6280]

Can I register as a sole trader from now and start to sell until November/ December? Do you know if I have to pay something before? Thanks a million

[@mark-cunningham]

Yes you can do that now.

[@itsthez3466]

Hello is it possible to be a sole trader + have a full time contract in a company ? How does it affect the tax reports please , kind regards

[@mark-cunningham]

I can't give tax advice sorry!

[@YT_GoldenPlayer]

thx

[@naqibhakim8917]

Best video

[@lurumaproperty6644]

Thanks 😊