Selecting a legal entity for your new venture
Sole trader versus limited company ? This is probably the first critical decision you will be faced with at the beginning of your new venture. To a large extent this decision will be determined by the way you want to organise your start-up and whether you intend to work on your own or in conjunction with others.
The legal entity you choose will have a significant impact on the way you are protected under the law, the way your business profits are taxed and the compliance obligations you will face. So lets take a dive into the details of trading as sole trader versus limited company. Read more