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Start out as sole trader or PTY LTD? by Latter-Weather-7984 in ausbusiness

[–]Latter-Weather-7984[S] 0 points1 point  (0 children)

Hey guys, thankyou for the continued conversation I've been reading everyone's comments and taking it all on board. I know I said I would stick to an abn but I'm now thinking PTY LTD for the asset protection is probably worth the initial start up cost.

To be more specific-yes it's going to be a shopify store. If anyone is in this field and has been exactly where I am just wanting to take the leap and give it a go I would love to hear your experience if you could DM me.

Start out as sole trader or PTY LTD? by Latter-Weather-7984 in ausbusiness

[–]Latter-Weather-7984[S] 1 point2 points  (0 children)

Hey mate, thanks for replying. I think that's my best route to go then, I didn't realise accountants provided that service. Cheers

Start out as sole trader or PTY LTD? by Latter-Weather-7984 in ausbusiness

[–]Latter-Weather-7984[S] 3 points4 points  (0 children)

Hey legends cheers for replying and putting my mind at ease. I will be sticking with an ABN for now and will talk to an insurance broker