Just a query to why all the companies I see trader as a LTD and not sole trader?

Is there a reason behind this (other than capital liability)

the Ltd; is preferred as it separate body

There were tax benefits. But it does depend on many factors. Your accountant is best placed to advise you on that

Tongue in cheek, Ltd co are for people who expect to fail

Are there many on here who trade by sole trader?

reg Partnership

Im both sole trader and Ltd. Limited doesnt offer the protection it once did, although there is still some kudos to being Ltd and being a company director.

Id say the deciding factors now will be your tax position, so as above, bean counter best one to ask.

im sole trader, accountant has said stay as this.

Although a mate of mine who has a fire only company went ltd last year due to recommendations from his accountant.

There are 2 of them in partnership and 3 or 4 lads.

im sole trader, accountant has said stay as this.

Although a mate of mine who has a fire only company went ltd last year due to recommendations from his accountant.

There are 2 of them in partnership and 3 or 4 lads.

Did he give you reasons why?

I ask because whilst the admin can be easier AD a sole trader, the state works against you and there are financial benefits being ltd.

Did he give you reasons why?

I ask because whilst the admin can be easier AD a sole trader, the state works against you and there are financial benefits being ltd.

There are financial benefits not being ltd too. Depends very much on the business, ADI do you have children?

The biggest benifit to ltd is the liability, many people who set up generally speaking IME are scared about going bust and like the idea of hideing behind limited liability. I have done this myself when involved with a risky proposition, if you are cash possative stay as you are