Company vs Sole Trader in Australia: Tax, Liability & Setup Explained

Thinking about setting up a company in Australia, or wondering if it's better than staying a sole trader? Join Amor Delabasic as he breaks down how companies work under Australian law — from limited liability and director duties to the real tax difference between a sole trader and a Pty Ltd company on a $200,000 profit. 📘 Learn more at WealthLine Academy: https://ac.wealthline.com.au/ Claim your FREE Financial Strategy Session (Valued at $497): 👉 https://www.wealthline.com.au 00:00 - Intro: Company Structures in Australia 00:30 - What Is a Company? Separate Legal Entity Explained 01:10 - Pty Ltd & Limited Liability: How Shareholders Are Protected 02:00 - How to Set Up a Company (ASIC, ACN, GST) 02:50 - Company Tax Rates: 25% vs 30% Explained 03:30 - Franking Credits & the Bucketing Strategy 04:20 - Sole Trader vs Company: $200,000 Profit Comparison 05:30 - Director Duties & Piercing the Corporate Veil 06:15 - Is a Company Right for Your Business? 06:50 - Outro 📲 Follow Us: Instagram → / wealthline_au X → https://x.com/WealthLine_AU General Advice Warning: The information in this video is provided by Wealth Line Advisory Services Pty Ltd, AFSL 514156. It is general in nature and does not take into account your personal objectives, financial situation or needs. You should consider whether the information is appropriate for you and seek personal financial advice before making any decisions. The content is current at the time of recording, but laws and circumstances may change. Please ensure you check for up-to-date information before acting. Past performance is not a reliable indicator of future performance.