Business Structure

The other day I was talking to someone who provided medical and paramedic support at sporting carnivals about their business structure.

I found out that they were operating as a sole trader.

To me, this is a high risk occupation if something went wrong.

We have all heard about people who have died from sporting events – especially contact sports like rugby union, rugby league and AFL. My son’s school personally experienced it.

This person could lose their house if someone was seriously injured at an event they covered and their professional liability insurance did not cover that situation.

So, to me, it was a no brainer. The cost of setting up and maintaining a company was worth it just to protect their house and any other personal assets.

That is why sometimes when you are setting up your business, don’t just focus on the easiest and cheapest way to start. Think of factors like risk – are you willing to put your house on the line if something bad happens. Get some advice on your business structure!

If you want some help, contact me below.

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Contact Wayne Wanders for your FREE Business Survival Session

To ensure I help your business specifically, the best approach I have found is to have an obligation free session with you. In this session we will review your current business in a factual and objective manner, to better understand the challenges that you face. And this session does not need to be face to face.

At the end of this session, you will have multiple ideas on how your business can survive and thrive in these uncertain times.

Simply fill in the contact form below or email me at wayne@aRealCFO.com.au or call me on 0412 227 052 to organise one of these obligation free sessions.

To get help you successfully navigate your way through your financial challenges so your business can survive and thrive in these uncertain times, simply use the contact form on the left to email Wayne or call him on 0412 227 052.

We promise to keep your email address safe.

Let Wayne Wanders, a fully qualified and experienced CFO, help you successfully navigate your way through your financial challenges so your business can survive and thrive in these uncertain times.

Wayne Wanders, A Real CFO

wayne@aRealCFO.com.au

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