When you start a business in Australia, it is vital you operate under the most efficient structure. In today’s video, I go through the key factors in deciding your structure setup. I also use a real world example from my series, starting a business from scratch.
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📖 Chapters
0:00 Intro
0:18 Starting a Business from Scratch
0:32 Basics of Business Structuring
1:31 Expected Profits
2:04 Risk Factors
3:19 Who is Involved
4:21 What Other Income Do You Have
5:17 Costs
5:47 Reselling Business Example
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Ethan ‘Rooshock’ (Rucioch) is an Australian business owner in his mid 20’s. He is the owner and director of Rooshock Accounting, an accounting firm. He is also the creator of an NFT project, Rooshocks. In his spare time, he enjoys travelling as well as watching countless hours of sport. On this channel you will find a range of different content, including personal finance, business advice, tax tips, crypto tax tips, NFT discussions and even some social media marketing content.
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Disclaimer
The information in this video and on this YouTube channel is for entertainment and general information purposes only. It should not be taken as constituting professional advice. You should not rely on it as financial advice. There are always risks in any financial decision and all decisions should be made on an individual basis. You should conduct your own research and seek independent professional advice where needed. Some of the links in this video or video description may be affiliate links. Ethan Rucioch, Rooshock Enterprises Pty Ltd, Rooshocks NFT Pty Ltd or any other related party may receive a commission through these.
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#businessstructures #businesssetup #soletradervcompany
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