What is a sole trader?
A sole trader is the simplest business structure. It is when an individual person is conducting business, and they themselves are the business structure, rather than a separate legal entity being the business.
There are a few things to consider when becoming a sole trader. By reading through the information below, you should have a good understanding of:
- Why we engage sole traders
- How to become a sole trader
- Things to consider as a sole trader
- What your responsibilities are as a sole trader
Why we engage sole traders
We engage sole traders for multiple reasons, but the biggest reason is flexibility and personalisation for our Members and Helpers.
As a sole trader, Helpers are able to choose:
- Their own pay rates
- How much they contribute to super
- Have tax savings and benefit from tax deductions
- Have flexible working and rostering conditions
- Are not limited by Awards, Fairwork, or the Ombudsmen
Members also benefit from having sole traders as Helpers as:
- They can negotiate rates directly with Helpers
- They can organise shifts based on their needs, rather than according to Fairwork or Award limitations (if Helpers agree)
- They can have more control about the support they receive and have less company policy to worry about