Sole-trader vs Limited Company – the detail Let’s look at the key differences one at a time, and then we’ll finish off by looking at how the take-home pay compares with each trading structure at the same levels of operating profit. Legal differences The business of a sole-trader, wh...
One of the key questions that podiatrists have to answer is whether to run their practice as a sole trader or through a limited company The answer to this question depends on your circumstances and preferences, but it is well worth knowing the consequences of both. I am going to take you...
or sole owner/trader—has implications for your tax situation and how your income is assessed. It also has an effect on the liability you face if you are sued or challenged in any way, or your business goes bust. It is therefore worth considering carefully. ...
A sole trader business is very easy to set up. In order to become a sole trader, all you have to do is begin working. For example, if you you are a plumber by trade, fixing someone's pipes and collecting a fee for your services automatically establishes you as a sole trader. There ...
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