Should I be running my business as a partnership

By |2024-02-19T15:50:57+11:0018/11/2022|Categories: Blog, Taxation|Tags: , , |

Running my business as a Partnership or as a sole trader you need to tread carefully.These simple entities are popular, as they are easy to set up. They are also simple to manage and have fewer complications than that of a company or a family trust, making reporting easy to prepare.However, they are most suited to businesses operated by family members, individuals or those working on a small scale. Partners in crime - mates dont always make good business partners It's worth noting that a partnership can be between people, trusts or companies. A sole trader is just you.The danger [...] READ MORE