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 Intro
0:28 Which is Right for You?
1:03 What is the Difference?
1:12 Sole Trader
1:40 Limited Liability Company
2:24 Owners Liability
3:38 Taxation
4:21 Public Perception
4:54 Accounts and Records
5:31 Professional Advice
5:47 Summary
For a more information, watch these videos:
Limited Liability Company in NZ Explained: https://youtu.be/kKE_JKVfPA0
Sole Trader in NZ Explained: https://youtu.be/XyLN-YB8G1E
Change from Sole Trader to Limited Liability Company: https://youtu.be/z0rgZByC92M
The How to Buy a Business Right Guide: https://youtu.be/8ZGQ6kTyIuo
The How to Sell a Business Right Guide: https://youtu.be/WQHz9zKSk28
How to Start a Business in New Zealand: https://youtu.be/pIw4nq0bHig
This 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.
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Website: https://www.businessesforsale.co.nz/broker/peter-nola
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