rockey
Apprentice
Joined: 12 Oct 2004
Posts: 18
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 Posted: 03/31/08 - 01:09 Post subject: |
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There are always certain advantages and disadvantages when starting a new job. It is indeed very risky. Being a sole trader has some good sides. Primarily, it is simpler to run the business in terms of organization and administration. However, there are many businesses that simply are more comfortable working with limited companies. Also, in case of a severe mistake, as a sole trader you are completely liable and can be sued, for example, for all your money. Limited company gives you more space to maneuver with things like that. Also, paying taxes as a limited company offers some options with which you can actually pay less then you would as a sole trader. I would suggest you start a limited company, but if you want even more info, I suggest you go to http://www.bizhelp24.com/business-start-up/
sole-trader-or-limited-company--2.html. |
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