Limited company or sole trader? We help you decide.

Are you running a small business or thinking about starting one? You’ll need to know if you should be operating as a limited company or as a sole trader.

Nicholas Campion, discusses the advantages of running as a sole trader and a limited company and helps you decide which structure is right for your business.

Blog article:

Video content:

0:00 Intro
0:29 Should I be trading as a limited company or a sole trader?
1:03 What is a sole trader?
1:40 The advantages of trading as a sole trader
4:29 What is a limited company?
5:42 The advantages of trading as a limited company
11:40 How to convert from a sole trader to a limited company
12:31 Conclusion

#SoleTrader #LimitedCompany

[kreisitsela]

I love this video this is so comprehensive and now I know for sure that my choice for a limited company is the most suitable for me. Thanks 1st Formations and Nicholas! :)

[anguspark]

Wow I love the quality of the editing and all graphics! Excellent work

[zouhir]

Nice video, simple to understand and sets out the difference between the two options very clearly. I love how you can skip back and forth using the timestamps, really helps navigating

[bryanlopez]

I hadn't considered the pros/cons of starting out a sole trader. Thank you 1st formations!

[jent]

Thank you for such an informative video, the differences are so clear now! Thanks Nick and 1st Formations!

[samb]

I love your videos because the way you breakdown the info is so helpful understanding the differences. Thanks! 👍

[lauram]

Thank you for the informative video! This has made things so much clearer

[darkdancer]

So knowledgeable and sleek! Loving the professional production and expert advice 👏🏼

[robkeys]

Nice video, simple to understand and sets out the difference between the two options very clearly. I love how you can skip back and forth using the timestamps, really helps navigating :)

[pchan]

I was really confused about this, thank you for the clear explanation!

[keziahcowan]

Great video - thank you! I think the protection from a limited company i definitely worth it!

[moolatagumigwa]

This is clear concise simply brilliant

[latifazy]

A great video, I like the way you break down the information to better understand the differences. Thank you!👍

[lesliekingsleyadu]

Great video. Clear and concise explanations!👌🏾

[johncarpenter]

Great video, very useful. Seems like a limited company is probably right for me!

[ameliafrench]

Very well balanced video on the pros and cons of each! Thank you 😊

[stformations]

Thank you for sharing! Super informative.

[graemedonnelly]

This is an excellent video - and very helpful if you need help with the decision on what business structure you should use to operate your business. Do you have any plans to produce a video on how to form a limited company, explaining the process, how to choose a package and complete the company particulars?

[andrewross]

Hmm...I didn't even know there was a difference tbh. Probably a good job I watched this first! Cheers!

[doriasalvador]

Wonderful video. Please may I ask, "First Entries"?. Thanks