In this episode
Is Your Business Structured Right? Sole Trader vs Business vs Partnership | ft. David Rosenthal
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Learn what structure is best for your goals, whether it’s long-term growth, asset protection, or keeping things lean.
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Discover when it makes sense to shift from sole trader to a company (and how much it could save—or cost—you).
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Get clarity on partnerships, trusts, shareholder agreements, and the hidden pitfalls of structuring your business “like mates.”
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Understand the tax implications of each structure and how it affects lending, liability, and your future plans.
When it comes to building a trade business, your structure matters more than you think.
In this episode of The Site Shed, Matt Jones is joined by accountant David Rosenthal from RediNu Accounting to help demystify business structures in a way that’s actually understandable and practical. Whether you’re just getting started or you’re considering a change, this episode is your go-to guide for choosing the best setup.
From sole trader simplicity to company-level protections, David breaks down the different options—no jargon, no fluff, just straight-talking financial guidance.
Key Takeaways
- Start with the end in mind: How you plan to exit the business determines how you should start it.
- Sole traders benefit from simplicity and tax perks—but have zero protection from liability.
- Partnerships are easy to set up but can become legal nightmares without proper agreements.
- Companies offer protection and flat tax rates but come with complexity and higher costs.
- Trusts can be great for distributing income and managing assets—but usually benefit more advanced businesses with family members or multiple stakeholders.
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