Why You Should Form A Limited Company
Let’s face it, being a sole trader has its fair share of drawbacks. When you’re operating as a sole trader, you are personally liable for any debts, business costs, and income tax on your personal income. If things go wrong, you will be held responsible; if things go awry, bankruptcy can have severe implications for your personal assets and credit rating. Fortunately, an alternative offers many benefits: the limited company.
