Limited company or sole-trader?
Tax Advantages the main advantage of running your business as a limited company is that you are likely to pay less tax than a sole trader. As a company director you can choose to take a small salary and minimise the amount of National Insurance Contributions you will have to pay and take the rest of your income in the form of dividends, which are taxed separately and not subject to NICs. Distinct Entity a limited company is a completely separate entity from its owners. Everyt