The Site Shed
The Site Shed is a global podcast for tradies and trade-based business owners, designed to educate and inform around the topics that matter most in running a business.
Hosted by former plumber and digital agency owner Matt Jones, the podcast covers real-world conversations on apprenticeships, marketing, systems, technology, hiring, leadership, and more — all tailored to the trades.
Each episode features practical insights, honest lessons, and expert guests from across the industry. Whether you're a plumber, builder, electrician, landscaper, or any hands-on business owner, you'll find ideas and experiences you can apply straight away.
If you're ready to work smarter, not harder, The Site Shed offers tools, ideas, and perspectives to help your business move forward.
The Site Shed
Is your business structured right? Sole trader vs Business vs Partnership | ft. David Rosenthal | Ep. 423
Choosing the right trade-based business structure is crucial for every Aussie trades person aiming to succeed in 2025. In this episode, we cover the ins and outs of starting as a sole trader, partnership, PTY LTD company, or trust. Learn how each structure affects taxes, liability, and the ease of expanding your business. If you're considering starting or restructuring your trade-based business, this guide will equip you with the knowledge to protect your assets and grow your venture effectively.
Watch the video version of this podcast at https://youtu.be/8CDuj469fMY
Discussion Points:
00:00 Simplify content for universal understanding and communication.
05:58 Easy entry, tax advantages, but unlimited liability.
07:05 Start with unlimited liability; consider partnership later.
12:10 Start honest talks early to avoid conflicts.
13:34 Friends in business risk ruined friendships.
18:20 Understand taxing implications of company withdrawals.
20:14 Transitioning to new ABN requires extensive administrative work.
25:42 Loss treatment differs for business structures.
28:39 Trust benefits adult beneficiaries with low taxes.
31:41 Confusing tax savings with cash savings explained.
33:53 Consider restructuring after 130,000 profit threshold.
37:07 Separate entities protect assets through strategic division.
39:22 Understand write-offs to avoid being scammed.
Resources:
- Visit Retinue’s website at www.retinue.com.com.au
- Get in touch with David at david.rosenthal@retinue.com.au
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