Should I operate as a sole trader or company in Australia?

General information from Lawmateanz

A sole trader is simple to set up but is personally liable for all business debts.

A company (Pty Ltd) is a separate legal entity registered with ASIC, which can limit liability, but involves more compliance.

Directors need a Director ID and have legal duties under the Corporations Act 2001.

Talk to an accountant and lawyer about tax and liability.

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General information only. Answers are written by independent lawyers based only on what's in the question. They aren't legal advice about your situation and don't create a lawyer–client relationship. For advice about your own matter, talk to a lawyer directly.