Should You Incorporate? When to Move Beyond Sole Trader (and When Not To)

The decision to incorporate isn’t just legal - it’s financial.

Remaining a sole trader offers simplicity, but it may not always be the most tax-effective or financially secure option as your business grows. Incorporating as a company can provide advantages in tax planning, liability protection, and credibility but it also comes with new compliance costs and responsibilities.

In this webinar, Pradi Hamid, Senior Accountant at Lawpath, will walk you through the accounting and compliance trade-offs between operating as a sole trader and incorporating your business. You’ll learn when switching structures makes sense financially and when sticking with simplicity is the smarter move.

In this session, Pradi Hamid, Senior Accountant at Lawpath, will cover

The Financial Basics of Sole Traders: Understand the tax rates, record-keeping, and reporting requirements for sole traders.

When Incorporating Becomes Tax-Effective: Learn the income thresholds and growth triggers where a company structure may save you money.

Compliance Costs vs Benefits: Weigh the ongoing obligations — ASIC fees, payroll, superannuation — against potential advantages.

Protecting Your Assets: How liability and risk management differ between sole traders and companies.

Making the Right Call: A step-by-step approach to deciding which structure is best for your stage of business.

Why Attend?

Make your business structure decision with clarity and confidence.

Tax Efficiency

Discover how your structure affects what you keep at tax time.

Compliance Clarity

Understand the reporting, payroll, and ASIC requirements for each structure.

Cost vs Benefit

Weigh the financial impact of incorporation before making the switch.

Interactive Q&A

Ask your structure and tax questions live and get expert answers.