How to Decide on your Business Structure? | Business Structures Australia

[@billeebrady6108]

Ive heard that its best to start a company asap because you can claim more buisness expense related deductions.
Is there a big difference between sole trader and a company when it comes to the deductions?

[@EthanRooshock]

That's a myth.
It doesn't matter your structure, you can still claim any business deductions. That doesn't change between a sole trader and a company.
There is a range of other differences between the two entity types though.

[@pelhamh]

Well done

[@EthanRooshock]

Thanks!