Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Sole Trader or Partnership - which is best HELP!

  • 12-05-2014 7:08am
    #1
    seekingsolace
    Registered Users, Registered Users 2 Posts: 13 ✭


    Hello, anyone out there with experience of running their own business, could they advise me?

    We want to start a business (small) as a couple, but are looking at the alternatives re: ownership.

    If I operate as a sole trader, does my husband need to be an employee? (tax/holidays etc)


    It will be a small retail business, no others involved except the two of us. We are looking at partnerships and the cost implications of that as well as the legal ones.
    thank you in advance for any help. Just trying to find the best way to operate.


Comments

  • #2
    Gloomtastic!
    Registered Users, Registered Users 2 Posts: 8,826 ✭✭✭Gloomtastic!


    Have you considered a Limited Company? To protect you both and any assets you may own it may be the safer option.


  • #3
    dbran
    Registered Users, Registered Users 2 Posts: 2,094 ✭✭✭dbran


    Hi

    I would think if you are going into retail you would be better off forming a limited company as you will get better protection from creditors, landlords, etc.

    If as you say it is going to be very small and you do not expect that there will be a undue level of risk of incurring liability you may decide to go as a sole trader.

    dbran


Advertisement