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Buying and Selling Property
Tuesday September 25, 2018

FREE WILL KITS

Come in and see us to discuss securing the future for your loved ones. We are currently offering a FREE will service.

HomeBusiness /  Company Formation

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Buying and Selling Property
Article Index
Business Guide
sole-trader
partnerships
companies
trusts
company-trust-structure
equity-partnerships
leases-licences
wills-and-powers-of-attorney
All Pages
SOLE TRADER

 

This is the simplest form of business ownership.  All income the business earns is derived and taxed in your name.

The advantage is that simple means cheaper accounting fees and what you earn you own.  However, there is no flexibility.  It is difficult to distribute income to family members.  You are personally liable for all debts and liabilities of the business.  If you are unable to repay those debts or liabilities you could face bankruptcy (no creditor protection).



 
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