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All Questions Business Set Up , Contracts , Regulatory Compliance Can I Start My Business As A Sole Trader And Move To A Company As I Grow?
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Question

Can I Start My Business As A Sole Trader And Move To A Company As I Grow?

Answer

Yes, you can change from a sole trader to a company. Many businesses do this as they grow and seek capital raising opportunities and to limit their liability.

To change from a sole trader to company structure, you’ll need to register a company, transfer your assets, and cancel your ABN.

Justine Wu  
Justine is a legal consultant at Sprintlaw. She has experience in civil law and human rights law with a double degree in law and media production. Justine has an interest in intellectual property and employment law.

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