In Australia, there are many ways to set up a business. One of the most popular options is to become a sole trader, which means operating a business as an individual without forming a company or partnership. This model has many advantages, and in this article, we will discuss the most prominent ones.
Independence and Control
One of the biggest advantages of being a sole trader is having complete independence and control over the business. You get to make all the decisions without having to consult anyone else. This means you can act quickly to respond to changes in the market and take advantage of new opportunities.