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LIMITED COMPANY or SOLE TRADER?
A limited company has is its own legal identity, so as a shareholder your liability is limited. As a sole trader, there is little distinction between you and the business and business debts become your debts and your personal assets - including your house are not protected. There are many more pro's and con's that our Chartered Accountants will highlight when they review individual situation and advise you on the best option for your unique circumstances.(Updated: 12 Apr 2017)