Guias

Limited Company UK Vs Sole Trader UK – Which one is right for your self-employed business idea?








Limited Company UK Vs Sole Trader UK – Which one is right for your self-employed business idea?

When you are starting a new or additional business – how do you know which option is best for you in regards to being a Sole Trader OR set up a Limited company? In this video I break down the main differences and help you figure out which one works for your goals and your business development years ahead.

If you would like to BUY ME A TEA instead (one off support) –
and you might even have your name mentioned on one of my upcoming videos!

👉Links to Investment Platforms I use & Affiliate links:
Invest using Etoro –
Invest using Trading212 – (and watch my video to receive a FREE SHARE with £1 invested)

****************
If you enjoy this video, HERE IS MY MONEY BASICS that I teach:

HOW TO START A MONEY STACKS METHOD BUDGET – Achieve Financial freedom, goals, Savings & Investments

5 MINUTE FINANCES

💵How to Open an Investment ISA (Stocks and Shares ISA)

Intro to Investing
➡️
****************
My products you might love:
AutoPilot Money System for all your budget, financial freedom calculations, debt repayment system, Net worth calculator, Sinking funds and Investment Tracker

MY BOOK – The Master Money Blueprint available on Paperback and Kindle –

Learn to Invest with my “Investing Made Simple – Learn to Invest in 72 hours” online course – click here for more info –

The only step by step course that shows you how to design a Budget that allows for financial freedom and also creating the life you want. Check out my
BUDGET SUCCESS BOOTCAMP Mini-Course here //
****************
Equipment I use for my videos:
Camera –
Microphone –
Laptop – running Final Cut Pro X
Some of video edits provided by:

You can find our FAMILY VLOG CHANNEL AT:

****************
Where else to find me:
Blog:
Instagram:
Facebook:
Pinterest :

TAGS : #soletrader #limitedcompany #money

Link do Vídeo






34 Comentários

  1. What do you think about buying a house through a limited company? I'd love to move a house (and keep the one I have as a let) but, my mortgage adviser says that the taxes are crazy and he doesn't recommend it. My husband is working on starting his own business. This is why I am wondering about buying the property when his company goes limited. I'd love to hear your opinion on this.
    Thank you. Jennifer.

  2. As a Sole Trader I have a question: if I put 20k into CASH ISA could I add it to my expenses (so I don't pay any tax on it)? example: if my net profit was 60K can I deduct 20k and only pay tax on 40k?

    What happens when I withdraw ISA next tax year – do I have to then add it to my earnings?

  3. Great video, very informative and easy to understand thank youuuuu.🖤
    I have a question. Will setting up a Limited Company for Amazon fba side hustle effect my 9-5 job I have at the moment with PAYE?
    Sorry if it’s a silly question just a bit confused

  4. Is there any way to legally have someone work for you as a sole trader? say there is a month where you know you wont be able to fulfill orders by yourself and you might need to get some help for that time period?

  5. If it's a side hussle likely your personal allowance will have been used and national insurance already be paid via main job , if that's the case dividend payments only if you go the limited route . If you go sole trader setup a seperate bank account ( doesn't have to be a business account) and only use that for your hussle it will make accounting far easier come tax time

  6. Very interesting, thankyou. I wonder as someone who is creating a retirement business ( currently building workshops, learning new skills and have a 7 year wait for retirement) I should think about creating a limited company, at moment there is no income, only investment! I have a full time job

  7. Thank you so much for such a brilliant video, appreciate this one because I've learned so much with regards to the difference between sole traders and limited companies and the amount you get taxed for each type of business. Thank you

  8. This isn’t entirely true what has been said – some traders can have employees, they can also be liable for VAT as it goes on turnover (unless choosing to register before the threshold) and when taking money out as a director of a limited company is not as simple as ‘everything you take out is like a salary’ you have to ensure that you are only taking from profits otherwise these dividends will be ‘illegal dividends’ – I would advise anyone wanting to make this decision to speak to an accountant first

  9. Once you go for a Limited company you create a legal body that prevents yourself from personal liability

  10. out of everyone why does it have to be a red head explain this to me?..
    im just gonna ignore everything she says fk it

  11. This is great, thanks Jen. I'm a time worker and have a side hustle. Sole trader seems the right way for me as the side hustle is just me (I write). My question is, would you recommend getting an accountant or go down Quickbooks, Freshbooks type route for accounting? I use Stripe for payments 🙂

  12. Thx for the info. Hope you can help… when do you start to register as sole trader? Right from the beginning? And once you're registered, do you need to send a self assessment tax form every year even if you only made less than £500? Thx!

Comentários estão fechados.