Should I Set Up a Limited Company or Is Being a Sole Trader Better?

An important decision at some point for every sole trader is whether to incorporate the business and when does it make sense to do it. Some business owners decide to set up as a Limited Company from the start while others start off as a Sole Trade and either remain this way or make the switch to a Limited Company at a later date.

In this webinar reviewed the pros and cons of setting up as a limited company or sole trader. What is right will be dependant on your individual circumstances and may include your industry, what your intentions are for the future, your existing income and many more factors?

We discussed:

• The difference between the two
• Administration / compliance requirements for a Sole Trade
• Administration / compliance requirements for a Limited Company
• Advantages & Disadvantages of Sole Trader & Limited Company
• Incorporate? Yes or No
• How am I taxed personally as a Sole Trader Vs as a Limited Company Director
• Key dates and deadlines

Click below to watch the video webinar