The Winner's Playbook

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

Link Wealth Group Episode 60

Choosing 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

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Get in touch with Josh:
Josh Lee - Director & Financial Adviser (linkwealth.com.au)
Get in touch with Billy:
https://calendly.com/billynorman/15-min-clarity-call?month=2025-02

Josh'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/newsletter

Our Financial Services + Credit Guide: https://www.linkwealth.com.au/fscg

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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.