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Ltd company V's sole trader...

  • 15-01-2016 05:14PM
    #1
    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

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


    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.


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