Setting up your business structure

Setting up your business financials is the foundation of your business. In this first video, I talk with my accountant Michelle Maynard from Carbon Accounting, about what you need to do, understand and be aware of for setting up a good, strong financial structure for your business.

In this video we cover the below topics:

1. The importance of seeking the right advice for your business finances.
2. Setting up as a sole trader, versus a Trust or a Company.
3. Protecting your personal assets.
4. Why having a separate business bank account is a must.
5. When you need to use a bookkeeping system.
6. Revenue VS Profit

Watch more in our video below and keep watching in part 2 of this topic where we discuss how to price your products and services.

We have more videos coming in this series –  

• Video 2 – How do you price your products and services
• Video 3 – Putting money aside for tax, super, and growth

Feel free to reach out to Michelle @michellemaynardcarbon for any financial advice.

Thanks for watching!

Lala xo