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

Ltd company V's sole trader...

  • 15-01-2016 4:14pm
    #1
    Youngblood.III
    Site Banned Posts: 777 ✭✭✭


    What are the main benefits from one over another?
    Basic breakdown will do...I'll be seeing an accountant soon.


Comments

  • #2
    adrianw
    Registered Users, Registered Users 2 Posts: 236 ✭✭adrianw


    Youngblood.III wrote: »
    What are the main benefits from one over another?
    Basic breakdown will do...I'll be seeing an accountant soon.

    Unless you're going to be making lots of cash, sole trader is your best option.
    Less paper work and benefits of Ltd will be outweighed by cost completing financial statements, payroll (even if just for yourself) and Company secretarial requirements.

    Sole trader only year end personal tax return required (and periodic VAT if turnover threshold exceeded).

    Sole trade can do everything company can do.


Advertisement