sole trader or limited company?

[bluesky]

which one is better? sole trader probably is more flexible and only myself do the job, however once something goes wrong my property might be at risk, so is it a better idea to have a limited company?

 

[acat]

Limited involves more expense as you have to register with companies house and become an employee of your own company. How much debt do you intend to get into is the main question.

As far as losing your house is concerned if you cant keep up the payments your lender will go for repossession end of story wont matter if you are limited or not.

As for any other debts providing you make an offer no court in the land will entertain a case against you as we have already seen £1.00 a week/month in the right circumstances is acceptable.


Chris