Using Business Structure to Save on Tax: Sole Trader v Company
Recently I attended a small business function where a panel of entrepreneurs were revealing secrets to their success. One ‘secret’ divulged in the interest of saving $$$ on tax was “to set up your business structure to be in line with your vision”. In a room of over 300 people, I could read their simultaneous thought... “LARGE!” But going ‘large’ with a company structure from the onset may cost you more dollars and time than it’s worth. The most common reason given by star