Sole Trader vs Limited Company

Sole Trader:

What is a Sole Trader?

 

Advantages of being a sole trader:

Disadvantages of being a sole trader:

 

Limited Company:

What is a Limit Company?

Advantages of a Limited Company:

 

Disadvantages of a Limited Company:

 

There is no definitive answer as to whether you should be a Sole Trader or a Limited Company as each person’s needs are different. If, having weighed up the pro’s and cons of each, you are still unsure which option is right for you then please get in touch with us and we can help you make the right decision for you and your business.