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What is the difference between a Limited Company and a Sole Trader? 8 месяцев назад


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What is the difference between a Limited Company and a Sole Trader?

Limited Company V Sole Trader: A Sole Trader is where you (as an individual) are the entity. The income is yours, but also the debt is yours personally. However, once you hit a certain level of income or become VAT registered, it may be far more tax efficient for you to become a limited company. A Limited Company is where you become a Director in charge of the entity (the business). The income and debt then belong to the Limited Company, not you. The Ltd company is designed to protect your personal liability. You then take income from the company through salary and dividends. - Should I be a sole trader or a limited company? This depends on what your business is, its structure and ultimately how much money you turnover. Give us a call if you need any more clarification. We're a free service here to support you. - The Directors Helpline specialise in guiding limited company directors through stressful financial circumstances. Our service is FREE, confidential and impartial. We have over 15 years experience and have helped over 20,000 directors overcome creditor pressure. Whatever you're facing, our expertise cover: Bounce Back Loan Help Closing a Limited Company Help with HMRC Pressure Advice on Personal Implications Business Restructuring IR35 Advice Alternatives to Closing Get in touch with our team today. 📞CALL: 0333 358 2451 📧EMAIL: [email protected] 🌐WEBSITE: https://www.thedirectorshelpline.org/ 📅BOOK A CALL: https://bit.ly/3wm7Fyp 📲WHATSAPP: 0333 358 2451 ⭐TRUSTPILOT: https://www.trustpilot.com/review/the...

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