UK Freelance advice

Out of context: Reply #4

• Started
• Last post
• 14 Responses

• MSL0

  As a sole trader you are personally responsible for any debts run up by your business, which could mean that your home or other assets are at risk. A limited company status offers protection of your assets should you get into financial trouble.

  Speak to a good reputable accountant and they will explain the benefits of both in much more detail (including paying dividends instead of wages).

  MSL 0Permalink

  UpvoteDownvote

  Flag

  Show [[ numHiddenNotes ]] more notesAdd Note

  SaveCancel

View thread