Most start-ups have to decide whether to launch as a sole trader or a limited company. But what’s the difference between the two?
In this short screencast, Emily Coltman, chief accountant of Enterprise Nation partner FreeAgent
, gives a quick run-down of the costs and benefits of sole traders and limited companies, including:
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- The advantages and disadvantages of being a sole trader and a limited company
- The legal differences between you and your business
- What paperwork you have to fill in
- The potential tax advantages of both forms of business.
Read more small business finance advice from Emily