Limited Company vs Sole Trader UK, Which is best for your business?

Limited Company vs Sole Trader UK, Which Is Best For Your Business? I share the pros and cons of both registering your business as a sole trader or as a limited company/LTD!

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[cashino]

Yes limited company is good. Paper work is a lot. Luckily the accountant I used at the time has an online portal for booking and i.paid extra so the shielded my address. It's less time setting up thank closing a ltd which took me over a year 🙈.

[SJ_LSF_]

Great breakdown with touching on positives and negatives, thanks!

[madarakempis]

Your videos are saving me haha Thanks for that! I hope you can help me with a question… Can you have more than one income, like affiliate marketing, dropshipping, YouTube, etc in one business? I see people doing more than one side hustle and wondered how can does the tax works and if for each “type” you need to open different business? Hope that makes sense.

[jadens]

Thanks for the comparison. I prefer to keep my privacy and that bit of financial control so I'll stick with a sole trader for the foreseeable future. 😆

[jmoney_online]

Thanks! This is helpful..i may have missed it, but does it cost anything to register for a sole trader or self employed?

[onlyagreeingsometimes]

After hearing about Steve Harvey's accountant... I need to know more