Limited Company vs Sole Trader

Limited Company vs Sole Trader The owner of a limited company and a sole trader both run small businesses. However there are many differences between the two. Liability The individual is the business Shares More people are resposible for the business Simplicity The individual is in complete control Team Work More people care if your business suceeds 00 More Help The government are better equipped to help your business No Staff The individual keeps all the profits Trust Studies show that customers find companies more trustworthy Less Rules The individual has less legislation to deal with Security The banks are keen to prevent companies from failing Risks The individual has less of a safety net the account ancypartnership Live Help Online now theaccountancy.co.uk Limited Company vs Sole Trader The owner of a limited company and a sole trader both run small businesses. However there are many differences between the two. Liability The individual is the business Shares More people are resposible for the business Simplicity The individual is in complete control Team Work More people care if your business suceeds 00 More Help The government are better equipped to help your business No Staff The individual keeps all the profits Trust Studies show that customers find companies more trustworthy Less Rules The individual has less legislation to deal with Security The banks are keen to prevent companies from failing Risks The individual has less of a safety net the account ancypartnership Live Help Online now theaccountancy.co.uk Limited Company vs Sole Trader The owner of a limited company and a sole trader both run small businesses. However there are many differences between the two. Liability The individual is the business Shares More people are resposible for the business Simplicity The individual is in complete control Team Work More people care if your business suceeds 00 More Help The government are better equipped to help your business No Staff The individual keeps all the profits Trust Studies show that customers find companies more trustworthy Less Rules The individual has less legislation to deal with Security The banks are keen to prevent companies from failing Risks The individual has less of a safety net the account ancypartnership Live Help Online now theaccountancy.co.uk Limited Company vs Sole Trader The owner of a limited company and a sole trader both run small businesses. However there are many differences between the two. Liability The individual is the business Shares More people are resposible for the business Simplicity The individual is in complete control Team Work More people care if your business suceeds 00 More Help The government are better equipped to help your business No Staff The individual keeps all the profits Trust Studies show that customers find companies more trustworthy Less Rules The individual has less legislation to deal with Security The banks are keen to prevent companies from failing Risks The individual has less of a safety net the account ancypartnership Live Help Online now theaccountancy.co.uk Limited Company vs Sole Trader The owner of a limited company and a sole trader both run small businesses. However there are many differences between the two. Liability The individual is the business Shares More people are resposible for the business Simplicity The individual is in complete control Team Work More people care if your business suceeds 00 More Help The government are better equipped to help your business No Staff The individual keeps all the profits Trust Studies show that customers find companies more trustworthy Less Rules The individual has less legislation to deal with Security The banks are keen to prevent companies from failing Risks The individual has less of a safety net the account ancypartnership Live Help Online now theaccountancy.co.uk