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Search results “Legal structure of a sole trader business”
Introduction to business 1: Business structures
 
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Should you operate your new business as a sole trader, partnership, or company? In this animated video, Inland Revenue explains three common business structures.
Business Studies - Legal Structure Structure: Business Exam Tips
 
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Get Unlimited Access to GCSE Tutor Videos & Online Revision Here for £19.99: http://www.revisionapp.co.uk/product/online-gcse-revision. The legal structure a business chooses is fundamental to the way it operates. This legal framework determines who shares in the profits and losses, how tax is paid, where legal liabilities rests. It also determines the nature of a business' relationships with business associates, investors, creditors and employees. There are three options for a business' legal structure: Firstly, sole traders. These are individuals who run an unincorporated business on his or her own. Sometimes otherwise known as a "sole proprietor" or (in the case of professional services) a"sole practitioner". Examples of these are mobile hairdressers, plumbers, market traders etc. Sole traders are legally allowed to have paid staff but have full responsibility in financing them from their own pockets. This may be from loans or savings. However, they'll always have full control of the business and take all the profits! One of the benefits of being a sole trader is that it's the most straight-forward option. Individuals are taxed under the Inland Revenue's Self-Assessment system, with income tax calculated after deduction for business expenses and personal allowances. One of the disadvantages of being a sole trader is that they face unlimited liability for their debts. There is no legal difference between the business and the owner. If the businesses is in trouble, so is the owner! An alternative option is to incorporate a company. This will give the business a separate legal identity from the owners. Profits and losses are the company's and it has its own debts and obligations. Unlike sole trading, the company continues despite the resignation, death or bankruptcy of management or shareholders. An incorporated company also offers the best vehicle for expansion and the potential for investment from outside sources. The two main types of companies are private limited companies and public limited companies. Private limited companies are often small, family run businesses which are owned by shareholders. Every shareholder must have involvement in the business and none of the shares are allowed to be sold to the public. Public limited companies (also known as PLCs) are a much larger type of joint-stock company. They can sell its shares on the Stock Exchange to the public and can raise a lot more finance. The third structure is a partnership. A partnership is an association of individuals and generally there will be between 2 and 20 partners. Common examples of a partnership include doctor's surgeries, veterinarians and solicitors. Unlike an incorporated company a partnership does not have a "legal personality" of its own. This means that each partner is responsible for the debts of the partnership. Normally, partners share the profits equally. Therefore the operation of a partnership is usually governed by a "Partnership Agreement" which details the responsibilities and rights of each partner. It is really important that if you enter a partnership, you pick the right people!
Finding the Right Business Structure
 
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Will you form a sole proprietorship? A partnership? A corporation? A limited liability company? There are pros and cons to each. Watch this video to learn how each structure can affect operations, registration and filing fees, liability, and taxation.
Views: 26935 John Deere
Business Structures in Australia
 
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Australian lawyer James Irving of Irving Law http://irvinglaw.com.au helps you choose the right legal structure for your business. Features information about the following: sole trader; partnership; company; twin holding company / trading company structure; trading trusts; co-operative; and, joint venture. A downloadable summary PDF table will be available from the lawyer's website.
Views: 4439 irvinglawAU
Business Entities - Sole Proprietorship
 
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Check out Bas Rutten's Liver Shot on MMA Surge: http://bit.ly/MMASurgeEp1 http://www.mahalo.com/business-entities-sole-proprietorship/ Keith Hall, a registered CPA and small business owner with over 20 years experience is here to help you with your small business questions. In this video, Keith explains the benefits and pitfalls of choosing a sole proprietorship as your business entity. Check out the rest of our tax videos here: http://www.youtube.com/view_play_list?p=C90C48F4B15F6911 Check out the related Mahalo Pages: How to Avoid a Tax Audit: http://www.mahalo.com/how-to-avoid-a-tax-audit How to Check Your Tax Refund Status: http://www.mahalo.com/how-to-check-your-tax-refund-status How to File For a Tax Extension: http://www.mahalo.com/how-to-file-for-a-tax-extension How to File Taxes If You Haven't Filed in Years: http://www.mahalo.com/how-to-file-taxes-if-you-havent-filed-in-years How to File Taxes as a Gay Married Couple: http://www.mahalo.com/how-to-file-taxes-as-a-gay-married-couple How to Determine Your Tax Filing Status: http://www.mahalo.com/how-to-determine-your-tax-filing-status How to Choose the Right Tax Forms: http://www.mahalo.com/how-to-choose-the-right-tax-forms 1040ez Tax Form: http://www.mahalo.com/1040ez-tax-form How to Organize Tax Documents: http://www.mahalo.com/how-to-complete-a-1040ez-tax-form How to Set Up a Tax Payment Plan: http://www.mahalo.com/how-to-set-up-a-tax-payment-plan Check out more Mahalo playlists: 2011 Grammy Guitar Lessons: http://www.youtube.com/view_play_list?p=554B7E896F42D97C How to Cook: http://www.youtube.com/view_play_list?p=7016D638D52E3652 How to Bake: http://www.youtube.com/view_play_list?p=26285631199B5B14 Mahalo Daily Videos: http://www.youtube.com/view_play_list?p=4F1A4F3978CDD3EC How to Play the Xylophone: http://www.youtube.com/view_play_list?p=F1EFA91B8B5F3929 Green Living: http://www.youtube.com/view_play_list?p=3CA63D48E28E7759 How to Speak Russian: http://www.youtube.com/view_play_list?p=31098EC11EAF8623 Mahalo Travel: http://www.youtube.com/view_play_list?p=F348A1D1C148415D Learn Biology: http://www.youtube.com/view_play_list?p=16EB9E5F60FAD9BD How to Play Guitar Songs: http://www.youtube.com/view_play_list?p=BE077DEF7EB33D00
Views: 27855 mahalodotcom
Sole Trader vs Limited Company legal company structure
 
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Sole Trader vs Limited Company Irish legal company structure
What is a sole trader?
 
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This video explains what a sole trader is and the advantages and disadvantages associated with this type of business. Post any questions you may have below. Edumecate Series Our channel creates and posts educational videos on a range of subjects. Subscribe to our channel to keep updated on new videos we create and upload.
Views: 15357 Edumecate
Things to know before you start a Sole Trader Business in UK
 
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Sole trader business is the most common form of business in the world. This video clearly explain advantages and disadvantages of sole trader business, as well as legal responsibilities of a sole trader owner in UK to avoid penalties.
Views: 2321 BUSINESS IN A SECOND
Module 4 - Business Legal Requirements
 
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Sole Proprietor vs Partnership vs Corporation? If you are wondering which legal structure to register your business this module will help you understand the differences along with the requirements that go along with each. View module documents here - https://www.dropbox.com/sh/k8ibkld84qokx9f/AABOmSw_yY6cXXzs2tEoXXz_a?dl=0
Views: 683 Enterprise Toronto
What Is A Sole Proprietorship?
 
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If you’re the only owner in your business and haven’t formed a business entity, then you are a Sole Proprietor. What this means is that there’s no legal distinction between you and your business – you are one in the same.
Views: 66884 QuickBooks
Alternative Business Structures - Sole Traders & Partnerships
 
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Welcome to another video in our ‘Taking Care of Business’ series. In Australia there are 4 main business structures used and this video we will examine two of them, Sole Traders and Partnerships. For more information on business structures, visit our website: https://nexusaccountants.sslsvc.com/services/business-structures/
Views: 19 NexusAccountants
Business Structure - Sole Trader
 
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Business Structure - Sole Trader
Views: 55 Expert Tax
How to Start a Business: Setting Up as a Sole Trader
 
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If you need any advice or support to start your own business, contact BES on 0845 6787 826 or visit www.enterprisesupport.org If you need funding to get your idea started, apply for a Virgin Start Up loan: www.virginstartup.org/bes - Thinking of starting a new business? Have you decided to set up as a sole trader, partnership or limited company? Our Enterprise Coach, Martin Russell dispels some myths and raises some considerations you should take into account when choosing a legal structure for your new business. Starting as a Sole Trader Martin outlines some of the advantages and disadvantages of starting as a sole trader over other structures. We've also got a video on how to start a partnership too, watch it here: https://youtu.be/Em73jHsqafY
Alternative Business Structures - Sole Traders & Partnerships
 
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Welcome to another video in our "Taking Care Of Business" series. In this short video, Josh Vagg, Partner at O'Bryan & O'Donnell, examines two of the simplest business structures; Sole Traders & Partnerships. Your choice of business structure is very important and for further information, visit our website http://www.obryanodonnell.com.au/ or call our office on (03) 5744 3861. Growing your wealth is our passion so talk to us today.
Sole Trader vs  Limited Company
 
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Visit www.RenttoRentAcademy.co.uk for more great videos and information on property investing and business! Connect with Jacquie on Facebook: http://on.fb.me/1SFvqZY Connect with Jacquie on Twitter: http://bit.ly/20SJYGw About Jacquie: Jacquie Edwards is the Property Go-To Girl. She is a property investor, entrepreneur, best-selling author and newbie YouTuber :) Jacquie helps property investors and business owners boost their businesses with new strategies and top tips! Visit Jacquie's website at: http://www.PropertyGoToGirl.co.uk Visit the #1 place online for Rent to Rent Information: http://www.RenttoRentAcademy.co.uk ______________________________________________ I often get asked if you should register as a limited company when setting up a Rent to Rent business or run it as a sole trader. In this brief video I want to give you some pros and cons of each.
Views: 7305 Jacquie Edwards
Should I File as Sole Proprietor, LLC or C Corporation?
 
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Choose the best product to sell on Amazon with this FREE tool: 🔥https://justonedime.com/lm/product-research-evaluation🔥 💪🏼 We show you step-by-step, from A to Z, how to build a successful business on Amazon that works for you instead of you working for it.💪🏼 🔥 https://justonedime.com/coaching 🔥 Succeed on Amazon with 5 hours of weekly live coaching for an entire year, plus everything you need to utterly crush it on Amazon 👉🏻 https://justonedime.com/coaching 👈🏽 We are a growing network of entrepreneurs, impacting the world by helping those in need, investing in opportunities and new ideas, creating wealth, and living a life of meaning. ★ Follow us ★ ➜ Instagram: @sethkniep ➜ Twitter: @justonedime 🔥Beast up on knowledge 🔥 ➜ Just One Dime Amazon Warriors Facebook page: https://www.facebook.com/groups/jod.amazon.warriors/ ➜ Just One Dime Amazon Warriors iTunes podcast https://justonedime.com/itunes ➜ Just One Dime Blog: https://justonedime.com/blog If this video was helpful to you, please like, subscribe, and comment below! Subscribe here ➜ http://bit.ly/JustOneDimeSubscribe Setting up a business includes 10 million little tasks and legal hurdles to jump over that no one really has time for. I hope this video saves you time by breaking down the advantages and disadvantage of filing as a Sole Proprietor versus Limited Liability Company (LLC) versus a C Corporation. In the video when I talk about filing as a "corporation" I meant to say "C Corp" as there are more than one types of corporations. My advice is not meant to be legal advice so please make sure you check with a lawyer and do your research if you are unsure about your decision. But any advice I can help you with, let me know and I'll share what I DO know.
Views: 13137 Seth Kniep
Sole Proprietorship: The Structure That Simplifies Your Business
 
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Makeup artist and eyebrow expert Suzie Moldavon discusses why she chose to be a Sole Proprietor. http://suziemoldavon.com/ Run your whole business better with QuickBooks. Be sure to SUBSCRIBE to our YouTube Channel and if you have any questions, feel free to leave a comment! http://quickbooks.intuit.com/ https://www.facebook.com/IntuitQuickBooks https://plus.google.com/+quickbooks/posts https://twitter.com/QuickBooks
Views: 1690 QuickBooks
Sole Trader vs Company vs Trust
 
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Are you a sole trader? One of the most important challenges in running your business is to structure it to make it the foundation for your success. Watch this to briefly review your options. Read more here: http://beany.com.au/sole-trader-vs-company-vs-trust/
Views: 1094 Beany
Should I register as a limited company or a sole-trader?
 
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Choosing a legal structure is one of the most important decisions you'll make when starting your business. Informi is a free and impartial online resource for small businesses and startups. You can find more about choosing a legal structure here: https://informi.co.uk/articles/how-do-i-choose-legal-structure-my-business Download our free how to start a business in 20 days ebook here: https://informi.co.uk/articles/how-start-business-20-days-ebook
Views: 3361 Informi
Choosing your business structure: Tax basics for small business
 
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This video explains the business structures available to you when you run a business and how tax may apply to the different structures. For more information, visit http://www.ato.gov.au/TaxBasicsVideos
Forms of an Organization
 
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There are 4 forms of business organizations: Sole Proprietorship; Partnership; Corporation & Cooperative.
Which Company Structure is Right For Me? Sole Trader Vs LTD Company
 
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Emily covers everything you need to know to make an informed decision about whether to be a Sole Trader or Limited Company.
Views: 6362 MadeSimple
Australian Business Structures
 
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Overview of Australian business structures.
Views: 13571 PencilPitch
Choosing the Right Legal Structure for Your Business
 
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Choosing the Right Legal Structure for Your Business - You must choose a structure for your business. This structure will define your legal responsibilities, like: the paperwork you must fill in to get started the taxes you’ll have to manage and pay how you can personally take the profit your business makes your personal responsibilities if your business makes a loss You can change your business structure after you’ve started up if you find a new structure suits you better or saves you money. Types of business The main types are: sole trader limited company business partnership You can form an ‘unincorporated association’ if you’re setting up a small organisation like a sports club or a voluntary group and don’t plan to make a profit. You can use other structures for businesses that help people or communities, eg ‘social enterprises’. https://www.gov.uk/business-legal-structures/overview http://callietimothy.com/ Learn More on: https://www.youtube.com/playlist?list=PLD-fVNHkAoWERcT2SdgifXHu26oSrTFrg
Views: 991 callie timothy
Moving your business structure from a Sole Trader to a Company
 
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This month on Quintessential TV, Michael Quinn will be discussing moving your business structure from a Sole Trader to a Company. The Quinn Group is a Sydney based company who offer expert advice on legal and accounting services for your small to medium business, with over 20 year's experience.
Sole Trader versus Limited Company
 
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Choosing the correct legal entity for your business - should you opt for Sole Trader or Limited Company? Here's Rob's advice...
Sole Proprietorship
 
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Sole Proprietorship Lecture By: Ms. Madhu Bhatia, Tutorials Point India Private Limited
Business Structures in The UK  'Sole Trader' - Part 2 - Get a Business Sturcture By Boomy Tokan
 
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$10 (Limited) Coupons To My Business Planning and Marketing Courses: Business Plan: Learn It Fast! https://www.udemy.com/business-plan-learn-how-to-create-it-in-1hr/?couponCode=YOUTUBE2017 Business Plan: For Startup & Small Business Success! https://www.udemy.com/how-to-write-your-first-business-plan-with-cashflow-forecast/?couponCode=YOUTUBE2017 Smart Goal Setting: How to Create The Future You Want Today https://www.udemy.com/goal-setting-start-creating-the-future-you-want-today/?couponCode=YOUTUBE2017 5 Step Marketing Plan - Get More Customers & Make More Money https://www.udemy.com/5-step-marketing-plan/?couponCode=YOUTUBE2017 Business Structure So what is a business structure: Business structures are predetermined processes established by the government of each country through which a business chooses to govern itself, become liable for tax and keep important financial records. It is a mouthful because I am trying to get everything into it. In other words a business structure is: 1. Established by the government 2. Helps an individual starting in business to be free to choose the structures they prefer (as long as they meet the criteria) 3. In place to determine the time and method of taxation By Law Every Business Must Choose A Business Structure! Everyone willing to start a business must choose the vehicle through which he/she hopes to build, manage, pay tax, enjoy tax breaks & exemptions for the business. Sometimes it is possible that the manner in which you plan to raise funds will eventually dictate the type of business structure you choose. Again, the business activity plus the end objectives can also influence considerably the type of business structure you choose. If your activities will be pure charitable without the concern of keeping profits for yourself then, the structure chosen will be different from that of the person who wants to build a business for pure profit. I must also remind you that the business experience of the individual might also influence the business structure. What I mean is that for someone new to entrepreneurship, having a limited company might make them confused, scared, and terrified rather aid the smooth running of the business. Such a person might be better choosing the Self-Assessment route instead of choosing to set up a limited company. The good news is that none of the business structures chosen are cast in stone. It is possible to always change the structure you choose if you or your business has outgrown the process. In the UK there are several types of business structures; the common ones are: 1, Self-Assessment aka Sole Trader aka Self-Employed 2. Limited Companies aka Ltd. aka Limited by shares 3. Charities aka CIO’s, aka Charity 4. Limited by Guarantee Companies 5. Community Interest Companies aka CIC 6. Partnerships 7. Limited Partnerships In this video we will discuss Self-Assessment aka Sole Trader aka Self-Employed More Info: https://www.sba.gov/category/navigati... - USA https://www.gov.uk/business-legal-str... - UK ========================================= Products on Udemy A Simple Business Plan Template To Supercharge Your idea! https://www.udemy.com/supercharge-you... "The Perfect Business Plan: That Wins The Investors Hearts!" https://www.udemy.com/how-to-write-yo... Facebook Secrets: How I Got 30,000 Likes At Very Low Cost https://www.udemy.com/how-i-went-from... Learn Cashflow Forecasting in 5 Easy Steps https://www.udemy.com/cashflow-foreca... =========================================== My Amazon ebooks and Audio http://bit.ly/Amazon-Boomy-Tokan-Book... ========================================= Need help with your business? Business Consulting email [email protected] Let me know how I can be of help ========================================== Contact Boomy Tokan Start Your Own Business Academy.com 395 Barking Road London E13 8AL T: +44 7932 394 620 E: [email protected] FB: https://www.facebook.com/startyourown...
Sole Proprietorship = My Biggest Business Mistake
 
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A sole proprietorship is the simplest way to run a business... Turns out it's also pretty risky. Learn from my mistake!
Views: 6545 ZentRose
Bee Business Bee Ownership Types Presentation
 
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Join BeeBusinessBee in this short presentation that looks at the different types of business ownership structure that exist. This session if perfect for all Business Studies students studying; BTEC Business, GCSE Business or AS/A Level Business. Business Ownership types covered in this resource include; Sole Trader, Partnership, Private Limited Company (Ltd) and Public Limited Company (PLC). The concept of unlimited and limited liability are also covered in this presentation. More resources can be found at; www.beebusinessbee.co.uk
Views: 29998 Bee Business Bee
Is A Sole Trader A Separate Legal Entity?
 
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Views: 51 Fredda Winkleman
Lawn Care Business Structure:  Sole Proprietor, LLC, or S Corporation
 
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SUBSCRIBE FOR MORE LAWN CARE BUSINESS VIDEOS http://www.youtube.com/subscription_c... LAWN BUSINESS RESOURCES INCLUDING -- video courses -- marketing letters -- free ebook -- logos -- recommended products http://www.start-lawncarebusiness.com RECOMMENDED PRODUCTS ON AMAZON https://www.amazon.com/shop/lawncarelife BUY LAWN CARE LIFE T-SHIRTS https://shop.spreadshirt.com/lawncarelife PATREON: Get Help for Your Business and Support the Channel http://www.patreon.com/lawncarelife Connect with Me -- http://facebook.com/thelawncarelife -- http://twitter.com/jasoncreel3 DISCLAIMER: Some of the products I recommend are affiliate links meaning I get a small commission at no extra charge to you. Thanks for supporting the channel. -~-~~-~~~-~~-~- Please watch: "How to Start a Lawn Care Business" https://www.youtube.com/watch?v=ojEY7NIQSwk -~-~~-~~~-~~-~-
Views: 6574 Lawn Care Life
Andrew Jeffers on choosing your business structure: sole trader or ABN
 
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Are you getting ready to start your own business? Get in touch with Andrew Jeffers and learn more about the importance of choosing the right structure for your business. Find out more about the implications of setting up a sole trader or an ABN: http://www.andrewjeffers.com.au/
Views: 121 Shuriken
How I Chose a Legal Business Structure
 
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How do you choose the right #business structure? Sole Proprietorship, Partnership, Corporation or an LLC? I share my story of how I learned the difference between each one and which structure I chose that was best for my freelance business. 2:46 = Sole Proprietorship 3:33 = Partnership 6:55 = LLC (4:10) 4:25 = Corporation 5:40 = S-Corporation 8:24 = A Summary What is the best business structure for a freelancer and what is the difference? Episode Notes: http://freelancejumpstart.tv/5 https://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Business-Structures Make sure to subscribe and look out for new episodes. https://www.youtube.com/nathanallotey?sub_confirmation=1 — Looking to level up in your freelance business? You may need Creative Coaching: http://nathanallotey.com/coaching — Freelance Jumpstart Podcast on iTunes: http://nathanallotey.com/itunesaudio Free Course on How to Double Your Worth: http://respectandvalue.com Like the content? Donate to the Cause: http://nathanallotey.com/donate Executive Producer - Nathan Allotey Typefaces: Proxima Nova — Contact Me My website: http://nathanallotey.com Twitter: http://twitter.com/nathanallotey Facebook: http://facebook.com/TheNathanAllotey Instagram: http://instagram.com/nathan.allotey Google+: https://plus.google.com/+NathanAllotey
Views: 263 Nathan Allotey
What Is A Sole Trader In Business?
 
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Sole trader or partnership? What is the best structure for your advantages and disadvantages of a sole company what trader? Freeagentlimited key tax & legal differences. There is no legal distinction between the business and owner a sole trader describes any that owned controlled by one person, although they may employ workers, eg newsagent's shop. Sole trader advantages benefits of operating as a sole. Understand the difference between a sole trader and is business structure whereby one individual runs owns whole. Organisation sole traders (gcse) business structure overview. Sole trader and being self employedbusiness victoria. Find out more about sole traders 2 may 2017 this guide examines the main differences between a business run by trader or as partnership and company, managed its 3 oct 2014 especially common amongst those going into on their own for first time, starting your has number of is that owned one person. Bbc gcse bitesize sole traders. Sole trader business. Sole trader a sole is the simplest form of business structure and relatively easy inexpensive to set up. It is the most common form of ownership in uk while there are no great barriers new zealand to becoming a sole trader, starting partnership or company, it still pays think about why you're doing. As the business register as a sole trader with hm revenue and customs legal responsibilities if you run self employed 'a is person who sets up owns their own. Tim gregory explains the pros and cons of business structures 24 may 2010 when thinking about opening your own business, you might well have given some consideration to becoming a sole trader. What is a sole trader? Smarta business builderbusiness queensland. Set up as a sole trader gov. Individuals who owners have to decide on the best legal structure for their business opting run as sole traders, partnerships or private limited companies. As a sole trader you will be legally 7 jun 2017 business structure is person trading as the individual responsible for all aspects of. Sole trader, also 10 nov 2016 as a sole trader you can't claim deductions for money 'drawn' from the business. Difference between a sole trader and company what is trader? Bbc gcse bitesize traders partnerships. It may have one or more employees. A sole trader has 22 jun 2016 if you are planning to operate your business alone (without any partners, including spouse), then a structure may be right for 31 oct traders spending large percentage of their time on tax returnssetting up in is great new chapter anyone's 21 2007 being the simplest way run business, and does not involve paying registration fees, but must register as self nov learn more about structure, & obligations, whether it's suitable 9 2014 you're thinking starting there all sorts implications. What is a sole trader? A small business guide to structure. Amounts taken from the business are not wages for tax a sole trader is owner who legally separate their and whose has no other owners. They may decide to employ other people but they are the only owner. This includes any debts 3 jul 2017 each business structure as different legal, tax and record keeping responsibilities.
Views: 61 Robert Robert
Should I be a sole trader or limited company?
 
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AEL partners are chartered accountants based in London, who have over 25 years experience in providing timely solutions to businesses and their owners. If you would like more information about the video you have just watched, or to speak to Marc Bennett, call AEL partners today on 020 7433 6940 or email [email protected] Alternatively, you can visit the website www.aelp.co.uk.
Views: 6444 AEL Partners
Business Law 9.2: Selecting a Business Structure
 
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What are the advantages and disadvantages of each type of business structure? Table of Contents: 00:00 - Business Law 9.2 Selecting a business structure 00:02 - Business structures 00:26 - Business structures 00:45 - Sole trader 01:31 - Sole trader 02:29 - Partnership 03:29 - Partnership 03:59 - Partnership 04:58 - Partnership 06:18 - Partnership 06:47 - Partnership 07:18 - Company 07:47 - 08:26 - Company 09:11 - Company 10:12 -
Views: 1242 Nick James
France #14 - Sole trader
 
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In this legal framework, you and the business are treated as one legal entity. Your professional and personal assets are merged although you can make a ‘declaration of seizure’ to protect your home. Under this legal structure you can, as from January 2015, set up as a micro-enterprise. This merges the old auto-entrepreneur and micro-enterprise systems. You can also opt to set up in business as an EIRL (Entrepreneur of Individual Limited Liability) where your personal assets are separate. In both cases you trade under your own name although you can take on a company or trade name. If you take on Entreprise Individuelle EI status, you pay tax through your personal income tax return in the category for your business: • industrial and commercial profits (BIC) for traders and artisans, • Non Commercial Benefits (BNC) for independent professionals. If you opt for EIRL status you can choose to pay corporate tax. It is quite easy to register and run your business as a micro-entreprise. It has simplified tax and accounting requirements and you pay your taxes and social charges online. However, you will pay tax and social charges on any expenses that you invoice so if you are likely to incur substantial costs of this nature, then you should investigate other business set-ups. Working as a micro-entreprise) is not a legal business structure but a tax status. The legal structure is an Entreprise Individuelle (EI) that is someone running a business as a sole trader rather than as a limited company. You can’t be taxed under this system if you set up a EURL or SARL. You can set up your business under the micro-entreprise or auto-entrepreneur regime if your turnover is below certain thresholds: • If your business involves buying and re-selling goods or materials, or setting up a restaurant or bar or furnished accommodation, the threshold is under EUR 82,200. • If you’re offering services or a ‘professional’ the threshold cannot exceed EUR 32,900 a year. As a sole trader you have unlimited liability so you will need to make a déclaration d’insaisissabilité which will protect your home and other assets from being seized by creditors if you got into financial difficulties. All businesses in France need to have a liability insurance called assurance responsabilité professionnelle. You can register your business as a self-employed in three ways: 1. You can visit the appropriate Centre de Formalités des Entreprises (CFE). There are different CFE for each type of business activity so find the right one for your business. On this list you can find the correct CFE for your type of business https://www.insee.fr/en/statistiques?debut=0&categorie=1 2. Send in this form https://www.service-public.fr/professionnels-entreprises/vosdroits/R19814 to the appropriate CFE. 3. Online, here, http://www.lautoentrepreneur.fr/adherez.htm through a series of forms on the official portal for auto-entrepreneurs. You’ll need to take in or send in a photocopy or upload a scan of your official ID or passport when you register. You may also have to prove that you have professional insurance for example, the assurance décennale for builders. If you want to set up a business as a trades person (artisan), you may be required to undertake a four or five-day training course (Un stage de préparation à l'installation or SPI), meetings or workshops in order to learn about different aspects of running your own business. These courses cost around EUR 250 – ask your Chamber of Commerce. Some professions (including accountants, vets, hairdressers, builders and even wine dealers) are regulated in France. If your business is one of these regulated professions you will have to: • be registered with the appropriate organisation • prove that you have the right qualifications, experience and insurance liability before you can work. At this website you can check if the business you want to set up is regulated: https://www.afecreation.fr/index.php?pid=803 It is possible to work legally in France as a freelance or independent contractor in some fields – writing or editorial, translating, tele-marketing, web design, business consulting and IT, either working remotely at home or based in an office – without registering as a business but by working through a portage salarial. You sign a contract with a portage company (an umbrella company), who in effect becomes your employer and handles most of the bureaucratic paperwork associated with self-employment in France. You still find your own clients and agree payment terms in an independent freelance role but your invoices and payment (with a payslip) are arranged via the portage company, under which you are classed as an employee (salarié).
France #13 - French business legal structures
 
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You have to decide which type of business structure – and tax regime – suits your business. There are two types of legal business structure in France: • a sole trader (enterprise individuelle or EI); • a company (société), such as an EURL, SARL, SA and SAS. The type of legal structure you choose depends on what business you want to start (some require a specific structure), so check with the Chambers of Commerce or relevant professional body. Other factors that will affect your choice of legal structure include: • whether you want to be in sole charge of the business, • your turnover, • if you have personal assets you want to protect • if you want to pay tax through income tax or corporation tax. You would do well to consider a company structure at the outset if the business needs start-up capital or loan finance, if your business costs are high or you are starting a business with others. The type of legal structure you choose will have implications on your fiscal status. Thus, depending on the choice you make, you will either be taxed through the personal income tax system, or through the system of company tax. Similarly, you will pay social security contributions, either as a salaried employee or as a self-employed person.
Business Structures Part I
 
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http://chellecorp.com Discussion of sole trader, partnership and company structures in Australia
Views: 5247 Chellecorp1963
Tax and Legal insights for Australian Amazon Sellers
 
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Hear from Tax and Legal experts, get insight into Tax strategies when selling on Amazon or other marketplaces, and learn how to successfully set-up your online selling business. 6:00min – How to structure your company for selling on Amazon from Australia (should I setup a LLC, Trust, Pty Ltd?) 9:00min – Product Liability for selling on Amazon and how what you should know 11:00min – Insights into copyrighting your product and getting a trademark. How much does getting your intellectual property covered cost? 13:30min – Should you be getting a patent for your product and how do you go about it 18:00min – Hijacking of Amazon listings and how to protect your products from it and how to deal with hijackers who have already started listing your private label product. 21:00min – Can you get copyright of your Amazon images and how can you prove they are yours? 25:30min – Sales Taxes in the US and should you be paying as an overseas Amazon seller? TaxJar and Taxify were mentioned as good services to manage your state taxes on Amazon sales. 32:00min – Selling into the UK and Europe and how to deal with VAT 37:30min – What you can claim back on tax as an online seller e.g. home office expenses? 39:00min – Fedral Tax in the US and do international Amazon sellers have to pay it and covers tax elusions like international FBA sellers with no physical presence in the US 40:00min – How do I pay US state taxes and China suppliers from Australia – simple, through OFX (no fees) 42:00min – At what point should you creat a company for selling on Amazon and what’s involved in doing this? Cost of registerring a company in Australia. 45:00min – At what point do I need to use an acconting platform like Xero or and Amazon seller dashboard like HelloProfit 46:30min – Bank accounts and how to increase your international Amazon revenue by 3% just by using OFX to transfer funds back from Amazon
Views: 6749 OFX
Business Structures - Sole Traders & Partnerships
 
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Welcome to another video in our "Taking Care Of Business" series. In this short video, Stephen McHenry, Partner at McHenry Partners, examines two of the simplest business structures; Sole Traders & Partnerships. Your choice of business structure is very important and for further information, visit our website http://www.mchenry.com.au/ or call our office on 1300 789 844.
Views: 152 McHenry Partners
Business Structures in The UK  'Social Enterprise' -- Part 5 -- A Business Structure  Boomy Tokan
 
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$10 (Limited) Coupons To My Business Planning and Marketing Courses: Business Plan: Learn It Fast! https://www.udemy.com/business-plan-learn-how-to-create-it-in-1hr/?couponCode=YOUTUBE2017 Business Plan: For Startup & Small Business Success! https://www.udemy.com/how-to-write-your-first-business-plan-with-cashflow-forecast/?couponCode=YOUTUBE2017 Smart Goal Setting: How to Create The Future You Want Today https://www.udemy.com/goal-setting-start-creating-the-future-you-want-today/?couponCode=YOUTUBE2017 5 Step Marketing Plan - Get More Customers & Make More Money https://www.udemy.com/5-step-marketing-plan/?couponCode=YOUTUBE2017 Business Structure So what is a business structure: Business structures are predetermined processes established by the government of each country through which a business chooses to govern itself, become liable for tax and keep important financial records. It is a mouthful because I am trying to get everything into it. In other words a business structure is: 1. Established by the government 2. Helps an individual starting in business to be free to choose the structures they prefer (as long as they meet the criteria) 3. In place to determine the time and method of taxation By Law Every Business Must Choose A Business Structure! Everyone willing to start a business must choose the vehicle through which he/she hopes to build, manage, pay tax, enjoy tax breaks & exemptions for the business. Sometimes it is possible that the manner in which you plan to raise funds will eventually dictate the type of business structure you choose. Again, the business activity plus the end objectives can also influence considerably the type of business structure you choose. If your activities will be pure charitable without the concern of keeping profits for yourself then, the structure chosen will be different from that of the person who wants to build a business for pure profit. I must also remind you that the business experience of the individual might also influence the business structure. What I mean is that for someone new to entrepreneurship, having a limited company might make them confused, scared, and terrified rather aid the smooth running of the business. Such a person might be better choosing the Self-Assessment route instead of choosing to set up a limited company. The good news is that none of the business structures chosen are cast in stone. It is possible to always change the structure you choose if you or your business has outgrown the process. In the UK there are several types of business structures; the common ones are: 1, Self-Assessment aka Sole Trader aka Self-Employed 2. Limited Companies aka Ltd. aka Limited by shares 3. Charities aka CIO’s, aka Charity 4. Limited by Guarantee Companies 5. Community Interest Companies aka CIC 6. Partnerships 7. Limited Partnerships In this video we will discuss Self-Assessment aka Sole Trader aka Self-Employed More Info: https://www.sba.gov/category/navigati... - USA https://www.gov.uk/business-legal-str... - UK ========================================= Products on Udemy A Simple Business Plan Template To Supercharge Your idea! https://www.udemy.com/supercharge-you... "The Perfect Business Plan: That Wins The Investors Hearts!" https://www.udemy.com/how-to-write-yo... Facebook Secrets: How I Got 30,000 Likes At Very Low Cost https://www.udemy.com/how-i-went-from... Learn Cashflow Forecasting in 5 Easy Steps https://www.udemy.com/cashflow-foreca... =========================================== My Amazon ebooks and Audio http://bit.ly/Amazon-Boomy-Tokan-Book... ========================================= Need help with your business? Business Consulting email [email protected] Let me know how I can be of help ========================================== Contact Boomy Tokan Start Your Own Business Academy.com 395 Barking Road London E13 8AL T: +44 7932 394 620 E: [email protected] FB: https://www.facebook.com/startyourown...
Chapter 25 - If My Business Is Sick (Sole Trader / Partnership)
 
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"Unlike in a company structure where the debts are the company's responsibility and the risk to directors lies mainly with personal guarantees, sole traders and partnerships belong to the individuals responsible for the running of these entities." This is an extract from the book 'How Not To Commit Business Suicide' by Gavin Waring. To get your own copy or for more information call 1300 - 98 -2559. Or go to amazon.com.au
sole trader vs company
 
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Views: 107 12931isb
Getting it right from day one - Sole Trader vs. Limited Company
 
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If you're trying to figure out which business structure is right for you then have a look at this video which will give you an idea of the benefits and drawbacks of each.
Sole Trader to Partnership, Business A-Level Project
 
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Our AS-level class got given a business assignment to complete within a week. Our group decided to use the VideoScribe software to create a short presentation outlining the steps to take to go from a Sole Trader to a Partnership business. Hope you enjoy! :)
Views: 3260 Sophie Spence
When to Use a Sole Proprietorship | Mark J Kohler | Tax & Legal Tip
 
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Sign up for my weekly newsletter now! With awesome tax and legal tips, upcoming and current tax reforms, deadlines, special offers from my Lawfirm and Accounting Firm, and much much more! Don't miss out on this opportunity, It's FREE!! how could you get better than that!? Click the link below: http://markjkohler.com/youtube/ This video is about When to Use a Sole Proprietorship and to learn more on how to save thousands in taxes or potential asset losses. To Download my FREE E-Book "Top Ten Tax and Legal Mistakes Made by Entrepreneurs", or make an appointment for a FREE interview with an attorney or CPA visit http://www.markjkohler.com/youtube. Follow me on my social media with DAILY and WEEKLY Tips and Blog Articles, and also catch me surfing at http://www.markjkohler.com/social. To purchase my new book: "The Tax and Legal Playbook" please visit the Entrepreneur bookstore here: http://amzn.to/1cWlhor Check out my Law Firm KKOS Lawyers at http://www.kkoslawyers.com Visit my Accounting Firm K&E CPAs at http://www.ke-cpas.com Help us caption & translate this video! http://amara.org/v/aTj3/
Views: 9546 Mark J Kohler
How much paperwork is involved in setting up a business
 
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How much paperwork is involved in setting up a business? Your choice of business structure -- sole trader, partnership, LLC or Limited Company -- will affect the amount of paperwork involved in setting up as well as the quantity of ongoing financial paperwork. As a sole trader or partnership you can be up and running from day one and file the necessary self-employment paperwork within 3 months whereas a limited company has to be registered prior to trading. You can get help and advice with the paperwork from business start up agents, accountants & solicitors or do it yourself. There is also the legal paperwork around licenses, insurance and intellectual property to consider hence getting support definitely makes a difference. It's not endless but it does take time. However the impact it can have on your business if not done correctly means it is not an option!
Views: 148 Yvonne Bignall

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