Business Planning: How knowing your numbers helps you achieve your business goals.
(WEBINAR)
Limited Company or Sole Trader?
As a small business owner, you’re probably wondering which is best for you.
However, with so many financial reporting requirements, tax regulations, and accounting processes to keep track of, it can be overwhelming and time-consuming.
That’s why we’re excited to offer this webinar
The choice between a limited company and a sole trader business structure depends on several factors, such as the size and nature of your business, your personal circumstances, and your future plans for the business.
A limited company is a separate legal entity from its owners, meaning the company can enter into contracts, sue or be sued in its own name. The owners of a limited company, known as shareholders, have limited liability for the company’s debts, which means their personal assets are protected in the event that the company can’t pay its debts. This structure is often preferred by businesses that plan to grow or raise investment.
On the other hand, a sole trader is a simple business structure where one person owns and manages the business. They have complete control over the business and keep all profits, but they also have unlimited liability for the business’s debts, meaning their personal assets are at risk if the business can’t pay its debts. This structure is often preferred by people starting a small business or offering freelance services.
Ultimately, the choice between a limited company and a sole trader business structure depends on your personal circumstances and the goals you have for your business.
So whether you’re currently operating a ltd co and are wondering, given the upcoming tax changes, if it’s still worth it. Or considering a limited company for the first time. This webinar will give the information you’re looking for.
What's included;
