Should You Set Up a Limited Company?

While being a sole trader (AKA being self-employed) is probably the most well-known route when it comes to running your own business, many people are starting to look into how they can register as a limited company instead. But why are people considering making such a change? And what are the benefits of doing so?

Company formation meeting

photo credit: Zora Shimazaki / Pexels

The administrative tasks and attention to detail that come with setting up a limited company may seem extremely difficult, but with those added responsibilities come several advantages that you may not be aware of.

So, if you’re thinking of leaving the sole trader life in favour of registering as a limited company, what can you expect to get back in return?…

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