This is a question we get asked a lot from start ups – should I set up as a Sole Trader or a Limited Company? Unfortunately it’s one of those questions that is answered with a ‘it depends’! And it really does – the answer is really dependant on your circumstances and what you want out of the business.
In our latest video we explore the differences so you can make an informed decision about which route is best for you and your company. And as always if you’re unsure on which is best for you it’s worth taking the time to speak to an accountant to explore what each option would mean for you personally. Our formation service includes advice on which option is best from you and ensures you are set up in the correct way for your own personal circumstances.
So here’s a summary of the main differences:
I hope things are a little more clearer for you now about whether being a sole trader or a limited company is the better option for you. If you’d like to discuss further or are ready to get set up as a limited company then click the button below to get started! It will take you to our quick questionnaire, and and at the end will be a link to book a discovery call with us.