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A guide to the differences between these 2 business services
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If you’re looking to set up a new business then you’re in the right place! I love helping entrepreneurs get all of the information that they need so they can start their businesses with everything setup correctly from the start, avoiding costly mistakes and delays in the journey. However, before you jump right in and start trading, here are some of the most important things to consider when deciding whether to start business as a sole trader or limited company. If you’re not careful, selecting the wrong business type could significantly impact your financial and legal responsibilities, tax liabilities and growth opportunities. There is however no reason why you cannot transfer your business from being a sole trader business into a limited company as you grow, so base your decision on your current circumstances rather than trying to second guess the future.
