Sole Trader

A sole trader is run by an individual with assets or investments owned personally. There is no legal separation between the individual and the business. This means that the individual is liable for any debts incurred by the business and income generated by the business is treated as personal income.

Example

David operates a restaurant as a sole trader. All the assets that are part of the business are owned by David personally and he is personally responsible for any liabilities or debts the restaurant incurs.

To set up as a sole trader we strongly recommend seeking expert advice from one of our business advisors. Get in touch today to find out more about how we can help.

Get in touch today

How do I arrange a consultation?

This can be done face to face, by skype or by phone. Having a consultation with on of our experts, will give you peace of mind that your assets are protected and you have the correct setup in place going forward.

Our expert partner team of Business and Financial Advisors can also help with many other services to ensure your business venture is a success and profitable, including:

  • ABN / TFN / GST / PAYG Advice and setup
  • Business coaching and growth solutions
  • Business plans
  • Shareholder agreements
  • Investment strategies
  • Capital raising
  • Business and equipment finance
  • Marketing strategies plans
  • Bookkeeping software setup, training, and advice
  • SMSF setup advice including properties, bare trusts and investments

To book your consultation, phone or email our Client Relationship Manager.

Get in touch today