Sole Trader, Company, or Trust? Here’s What Most Business Owners Get Wrong!

Send us Fan MailChoosing the right tax structure for your business might not sound exciting, but it’s one of the most important decisions you’ll make and one that way too many people get wrong. In this episode, Josh and Richard break down the different types of business structures in Australia sole trader, company, trust and explain how each one affects things like tax, asset protection and your ability to grow.They also talk about why you shouldn’t try to figure this stuff out on your own. You need the right team around you think accountant, advisor, broker, maybe even a lawyer or buyer’s agent to make sure everything’s working together. If you’re running a business or thinking about starting one, this episode will help you avoid some expensive mistakes and set yourself up the smart way.If you want to get in touch with Richard, click here to book your free consultation: Richard Ferraro - Accountant----Want to find an Adviser that suits your financial needs:https://www.linkwealth.com.au/Get in touch with Josh: https://www.linkwealth.com.au/josh-lee-link Get in touch with Billy:https://www.linkwealth.com.au/billy-norman-linkJosh's TikTok:  https://www.tiktok.com/@joshleefinadv Billy's TikTok:  https://www.tiktok.com/@billynormanfp    Sign up to Link Wealth Group’s newsletter, Wealth Simplified: https://www.linkwealth.com.au/wealth-simplified   Our Financial Services + Credit Guide: https://www.linkwealth.com.au/financial-services-and-credit-guide ----    General advice disclaimer: The information contained within this podcast is general in nature and does not take into account your personal circumstances. Please reach out if you wish to discuss your personal situation.