Sole Trader vs Limited Company in the UK? ...explained with Lego!

If you're thinking of setting up in business or perhaps you're already self employed, at some point you're going to need to make the decision of whether to set up a limited company. In this video I'm explaining the difference between a limited company and a self employed sole trader in the UK. What are the pros and cons of going limited, how much does it cost and why it might not be the best move for all businesses.

There more information here about names you can't use for a sole trader business: https://www.gov.uk/set-up-sole-trader

Here's some affiliate links to products I use or would consider using - read more about affiliate links at the bottom of this description:

iZettle to take credit card payments: https://bit.ly/sbt-izettle-uk
Tide for business banking: https://bit.ly/sbt-tide-uk
Siteground for website hosting: https://bit.ly/sbt-siteground-uk
123-Reg for domain names: https://bit.ly/sbt-123-reg-uk
There's extra stuff on my Patreon: https://www.patreon.com/smallbusinesstoolbox
More articles on my website: https://smallbusinesstoolbox.uk

As per usual, I'm not in any way qualified to give you accountancy advice. Always get a good accountant! I've just been self employed for a long time and hopefully I can pass on some of the things I've learned over the years. I sometimes use affiliate links - these don’t cost you a penny and help to keep this channel going. Read more about affiliate links here - the fairest way of funding the internet: https://smallbusinesstoolbox.uk/affiliate-links/ - thanks so much for your awesome support!

#SelfEmployed #LimitedCompany #SmallBusiness

Видео Sole Trader vs Limited Company in the UK? ...explained with Lego! канала Small Business Toolbox