sole trader explained

Which One? Sole Trader or Limited Liability Company? One of the questions I get asked when some-one wants to start a business in New Zealand is which business entity? Sole Trader or Limited Liability Company? In this video I will talk about some of the differences between the two, and this should help you decide which is better for you.0:00 Intro0:28 Which is Right for You?1:03 What is the Difference?1:12 Sole Trader1:40 Limited Liability Company2:24 Owners Liability3:38 Taxation4:21 Public Perception4:54 Accounts and Records5:31 Professional Advice5:47 SummaryFor a more information, watch these videos:Limited Liability Company in NZ Explained: https://youtu.be/kKE_JKVfPA0Sole Trader in NZ Explained: https://youtu.be/XyLN-YB8G1EChange from Sole Trader to Limited Liability Company: https://youtu.be/z0rgZByC92MThe How to Buy a Business Right Guide: https://youtu.be/8ZGQ6kTyIuoThe How to Sell a Business Right Guide: https://youtu.be/WQHz9zKSk28How to Start a Business in New Zealand: https://youtu.be/pIw4nq0bHigThis channel has weekly uploads, tutorials and features all focused on how to start a business, how to buy a business, how to sell a business and how to increase the profits in a business to increase the business value. I am a Business Broker based in Auckland, New Zealand. Keep in touch:LinkedIn: https://www.linkedin.com/in/peternolaInstagram: https://www.instagram.com/peternolabusinessbroker/Website: https://www.businessesforsale.co.nz/broker/peter-nola#howtostartabusiness #howtosellabusiness #howtobuyabusiness