Discussion in 'Managing Your Business' started by silversurfer, Nov 8, 2015.
What benifits are there to being Ltd rather than being a sole trader
You look more professional on your paperwork and you pay less tax, that is a fact, just go ask an accountant how to do it and you will save a lot more money.
It also separates liability silversurfer. As a sole trader there's no legal distinction between you and your company, i.e. if your company owes cash, so do you. Whereas a Ltd company's assets are separate from the assets of the director him/herself
Good point Simply Business, I had missed that point.
Unless your turn over is 100.000 plus Its not worth it. 2 lots of accounts Paper work to companies house or big fines. You have to go paye as a employe of the company.