Why Your Business Structure Matters More Than You Think

When you start a business, it’s easy to choose the structure that looks the cheapest, quickest and simplest. But that decision can have a major impact on your tax, personal risk, flexibility and future growth. In this episode, Cat breaks down business structures in plain English for small business owners. You’ll learn the difference between sole traders, partnerships, companies and trusts, why the ‘cheap’ option is not always the smart option and what to think about if your business has grown beyond the setup you started with. Remember, the advice in this podcast is general in nature and people should seek expert advice for their own financial situation.