Hi guys just after some accounting advice I guess ... I posted previously that my hubby and I are looking to purchase an established bike business. Are we better to purchase and register as sole traders or have it listed as a company? Pros and cons please. We will probably only employ one employee initially in a casual capacity. Will be a new business name etc. I understand sole trader is more risky in some respects... But we are not borrowing money from the banks to purchase so not as risky in some ways. Is it easy to intially register as a sole trader and then transfer to company if need be ? Very new to all this so have a lot to learn in the next couple of months !