I have been contemplating forming a 'business' for the conduct of my personal trading activities. I have recently developed a structured approach to my trading using Trend-Analysis combined with Options.
I guess my main motivation is to provide some increased structure and discipline to my trading activities, and I thought establishing it as a 'business' would help foster this approach. Within 2 years, my goal is to wind back full time work and focus on trading as a source of income.
My question is whether anybody has formed their trading 'as a business'. I have read the ATO fact sheet on this, and my approach seems legitimate. Any benefits or problems I should be aware of? Did people establish a sole-trader structure, or a private company?
Interested to hear anybody's advice on forming trading as a business.