Many small businesses start out as a Sole Trader and at a certain point, people want to know whether they should have a company.
The top two pros and cons of each are:
* Unless one person performs most of the services, or services are mostly performed for just one client.
At Beany, the cost for preparing annual accounts for either a sole trader or company are the same and your annual ASIC statement and fee is also included within your accounting fee.
Every situation is unique, so please feel free to reach out to your accountant or our email@example.com team. We're here to help.