Starting your own business is always an exciting venture, and one of the first decisions you must make is how you will structure it.Many people choose to build a limited company. If you decide to build a business in this way, you will split ownership into an equal number of shares between partners. There are many advantages to choosing the structure of a limited company. Sharing responsibilities eases the stress of managing all aspects of the business by yourself, and sharing costs eases … [Read more...] about Do You Make These 3 Mistakes as a Sole Trader?
There’s little doubt that being a sole trader is the most popular method of running a business in the UK. There are over 4,000,000 people who are sole traders, which accounts for at least 65% of all small businesses. Because the sole trader position is easy to set up and highly flexible, it’s proven to have enduring popularity. Most sole traders fall under the umbrella term of being self-employed, and the majority of freelancers do go for this business structure too.There’s a lot of benefits … [Read more...] about 4 Major Benefits of Being a Sole Trader