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Anonymous
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HI

I understand that you want to keep it as simple as possible, however, there are a number of things you should probably be aware of which is why you really should talk to an accountant about your specific situation.
1. PSI could be a factor in your decision (without knowing what your business is it is not possible to make any further determination on this).
2. Your level of income could be a factor, ie if as a Pty Ltd you are earning significant income, tax is locked at 30% whereas as a sole trader you will be subject to scaled income tax rates which could be much higher.
Regards
Kerry