Sole Trader vs Company EXPLAINED SIMPLY (Australia)

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  • Опубликовано: 20 дек 2024

Комментарии • 14

  • @PiotrWasilewicz
    @PiotrWasilewicz 2 месяца назад

    Great video

  • @akashvaniinformation
    @akashvaniinformation 3 месяца назад +1

    I am sole trader but now I want to start my own business . So now I apply for new ABN for my company??

    • @parthdave5673
      @parthdave5673 Месяц назад +1

      Yes you will need to cancel your sole trader ABN and apply for a new Company ABN- as the Abn does not transfer from sole trader to a company..

  • @Chris-xu6wy
    @Chris-xu6wy 4 месяца назад

    great video , sole trader is similar to partnership ? i was thinking trading trust would be a great video benefits and disadvantages . Our structure is a partnership because of start up but if the business grows move to trading trust to protect assets. also looking for a good accountant to help with tax,payroll etc . thanks Chris

    • @DavieMach
      @DavieMach  4 месяца назад

      @@Chris-xu6wy yes partnership is similar to soletrader. This means you are both personally liable for business debts. We have a video scheduled to be done in a month for trusts vs companies

  • @mikeh7704
    @mikeh7704 4 месяца назад

    Very informative comparison. Thank you!

  • @SamSam-df8qd
    @SamSam-df8qd 4 месяца назад

    So can you do UberEats with an ACN instead of an ABN? Can it be personal perference?
    Are you based in QLD?

  • @ASAPRocky619
    @ASAPRocky619 4 месяца назад

    Great video. I’d love more of these usable tips for aspiring entrepreneurs like myself.

  • @GeorgeCook2
    @GeorgeCook2 3 месяца назад +8

    Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $560K for sometime now, my major challenge is not knowing the best entry and exit strategie;s ... I would greatly appreciate any suggestions.

    • @SylviaJoe6
      @SylviaJoe6 3 месяца назад +1

      Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.

    • @AlexandraGray-t4
      @AlexandraGray-t4 3 месяца назад

      A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

    • @MichaelAD222
      @MichaelAD222 3 месяца назад

      How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.

    • @AlexandraGray-t4
      @AlexandraGray-t4 3 месяца назад

      Svetlana Sarkisian Chowdhury is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

    • @CaryTriana
      @CaryTriana 3 месяца назад

      Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.