Sole Trader vs Company: Which Business Structure is Right for You?

Choosing the right business structure is a major decision. It affects your tax, legal liability, and future growth.

Sole Trader:

• Simple setup and low cost

• You are personally liable

• Income is taxed at your individual rate

Company:

• Limited liability protection

• More compliance and reporting

• Fixed tax rate (beneficial at higher income levels)

Let Godspeed Accountants help you weigh the pros and cons. The right choice today can save you legal and tax stress tomorrow.