limited or soletrader?

[ktguk]

limited or soletrader? pro's and cons. cant really see any for limited anyother views on this??

 

[sprocketflup]

Depends on your circumstances mate, there are advantages and disadvantages to both. Have a chat with an accountant and they will be able to advise you accordingly as to which would be best for you

 

[Doc Hudson]

This topic has been discussed a few times, one thread is; http://www.talk.electricianforum.co.uk/electrician-talk/10086-setting-up-ltd-co.html

Doc H.

 

[binky]

Being lTD limits your liability to your business, which if you are doing work in properties exceeding the value of your insurance like blocks of flats can be useful. As a sole trader you can be sued for your assets including your house.