Company Vs Sole Trader Vs Trust - What's right for your business? | Elephants on Business

In this video, Shey and Oz discuss the differences between a Sole Trader, Company and a Trust and which structure works best for small businesses.
They'll weigh the pros and cons of each structure, plus give advice for family businesses and the tax rates involved.
Elephant Advisory is an award-winning accounting and mortgage brokering firm in Melbourne with a long history of helping our clients achieve their business and property goals.
We believe that the key to financial and business success comes from a few good decisions and sound money management. This is why it is our goal to provide free educational resources to help Australians make informed decisions for their family, their business and their mortgage.
If you're looking for further advice or help with growing your business or finding the perfect home loan for your next property purchase, book a free consultation with a member of our friendly team of experts.
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Our Website: www.elephantadvisory.com.au/
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Find Oz here: / oz-karabadjak
Find Shehan here: / shehanw
DISCLAIMER: The content of these episodes is based on our own experiences and knowledge and are meant to be general discussions, not advice. We suggest any listener always seek qualified professional advice tailored to their specific needs.
#smallbusiness #businesssetup #accounting

[@jimmyrustler1353]

Great video but the other guy interrupted way too much and that made it rough

[@Warlowisnumberone]

Awesome video thanks

[@xxbridgetrubyxx]

I rarely comment on RUclips videos. I am an avid podcast listener. I will be subscribing to your podcast ASAP.
At 32 I have had 3-4 businesses as well as a company, and never have I understood the structures better than I do now from your explanation of sole trade vs compan vs trust!! I found this as I embark on applying for a new ABN to subcontract as a beauty/tattooist in a new town after selling my business of 9 years in 2023. THANK YOU SO MUCH. I can't wait to learn more from you guys 🫶🏽

[@lachlanbell8773]

Good work lads , fast enough to get!

[@presleycarelyn8142]

🌟 ｐｒｏｍｏｓｍ

[@agustinmarcel1721]

Dude, leave the guy talk! The info is great but you interrupt him so much!