Advantage of registering as a company rather than as a sole trader

There are several advantages to registering your business as a company rather than as a sole
trader, including:

Limited liability:
As a company, the business entity is separate from the owners, and the owners are not
personally liable for the company's debts and obligations.

Tax advantages:
Companies may be eligible for certain tax deductions and concessions that are not available to
sole traders.

Perpetual existence:
A company has a perpetual existence, which means it can continue to exist and operate even if
the owners change or leave the company.

Credibility:
Being registered as a company can enhance the credibility of the business, making it more
attractive to potential clients and investors.

Greater access to capital:

Companies have the ability to raise capital more easily through the issuance of shares, which can
be sold to investors to raise funds for the business.