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🔥 EXCLUSIVE DEAL - Get a massive 90% off your first 6 months of Xero: https://bit.ly/ytxero90 (Terms & Conditions Apply) ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Thinking about starting a business? One of your first steps is choosing the right business structure. In this video, we explain what it means to be a sole trader, the pros and cons of this setup and why it’s a popular choice for freelancers, side hustlers and small business owners. Learn the key advantages - like low startup costs and full control - as well as the risks, including unlimited liability and tax obligations. By the end, you’ll know whether being a sole trader is the right fit for your business journey. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ⚖ DISCLAIMER Information provided in our videos does not constitute financial, taxation, legal, business or other professional advice. If you make a purchase through an affiliate link provided we may receive a commission. We do not accept any responsibility or liability for purchases made through third-party vendors, websites, or services. It is your responsibility to review and understand the terms, conditions, and policies of third parties before making any purchases. Any offers mentioned in our videos are correct at the time of recording and may not be available forever. While some of our videos are sponsored, all information and opinions are our own and are unbiased.