Going LTD

[silversurfer]

What benifits are there to being Ltd rather than being a sole trader

 

[Green Pro Clean Ltd]

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.

 

[Simply Business]

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 /emoticons/smile.png

 

[Green Pro Clean Ltd]

Good point @Simply Business, I had missed that point.

 

[spanish pete]

What benifits are there to being Ltd rather than being a sole trader

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.