This is the simplest and most cost efficient way of trading. Start up costs are low as set up and operation is more simple – there is no red tape. There are only a few formalities to trading as a sole trader vs as a Ltd. company, the most important of which is informing HMRC. Every business is required to prepare accounts each year, which forms the basis of how tax and national insurance is paid. Any profits generated in this medium are automatically those of the sole trader.
Our sole trader package is comprehensive and includes the following:
Please contact us for a quotation.