When Should You Move From Sole Trader to Limited Company?
Find out the key issues you need to consider to help decide when you should move from sole trader to Limited Company including taxes and protecting your personal assets.
Business Structures
Starting a business can feel like a minefield and you may be wondering what you legally need to do (and what you can legitimately avoid). Add to the confusion all the well-meaning but potentially incorrect advice being offered by social media ‘experts’ and you may be feeling ready to give up! Well, don’t.
In this section, you’ll find out how setting up a business in the UK really works, popular business structures and guides to help you decide what setup is right for you.
Friendly Disclaimer: Whilst I am an accountant, I’m not your accountant. The information in these guides are legally correct but are for guidance and information purposes only. Everyone’s situation is different and unique so you’ll need to use your own best judgement when applying the advice that I give to your situation. If you are unsure or have a question be sure to contact a qualified professional. I cannot accept responsibility for any losses or penalties you may incur while following the contents.
Business Basics
- How to Set Up a Business in the UK
- UK Business Structures Explained
- Do I Have to Register My Side Hustle as a Business?
- Hobby or Business? What are the Rules?
- Am I Allowed to Do Freelance Work While I am Employed?
- Can A Sole Trader Have Two Businesses?
- Can You Be Self-Employed and Only Work for One Company?
The Sole Trader or Limited Company Dilemma
- Sole Trader vs Limited Company? What’s Better?
- Is it Worth Setting Up a Limited Company?
- When Should You Move From Sole Trader to Limited Company?
Registering Your Business
www.goselfemployed.co – small business website with easy-to-follow guides on topics like tax, accounting and business registration for the UK self-employed and Limited Company Directors. Follow on Instagram and Tiktok for more.
Is it Worth Setting Up a Limited Company?
Find out whether it is worth setting up a Limited Company, the pros and cons of doing so and what else you need to consider.
Do I Have to Register My Side Hustle as a Business?
Are you lying awake at night worried the tax-man is lurking around the corner because you should have registered your side hustle as a business? Well, worry no more! In this guide, I’ll show you the rules you need to know about registering a business, what it means for your taxes, tax code and what you need to do next.
HMRC Badges of Trade
The badges of trade is a test sometimes used by HMRC to determine whether a person is in business or has a hobby. Here are each of the badges
How to Set Up a Business in the UK
This step-by-step guide will help you learn how to set up a business in the UK so you can get your new venture off the ground!
Sole Trader vs Limited Company? What’s Better?
Stuck in the sole trader vs Limited Company dilemma? Find out the difference between sole trader or Limited Company, tax benefits & asset protection.
Can You Be Self-Employed and Only Work for One Company?
Being self-employed and only working for one company isn’t an unusual scenario these days – think about Uber drivers, Deliveroo riders and Amazon Flex workers. But there are tax implications. In this guide, you’ll find out whether you can work for one company on a self-employed basis and the tax side of things.
UK Business Structures Explained
Determine which is the right legal structure for your new business and where to find further information on registering the one you choose.
Hobby or Business? What Are the UK Tax Rules?
Accidental business owner? Or hobbyist? Read about the Hobby Business Tax Rules to check whether you on the right side of HMRC.
Can A Sole Trader Have Two Businesses?
Once you’ve been bitten by the entrepreneurial bug you just can’t help but see opportunities everywhere! So if you have spotted a new big idea, then the next natural question is ‘Can a Sole Trader Have Two Business?” Here’s some essential advice to help get you started with your new venture. Yes, A Sole Trader … Read more