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#1 13-05-10 14:12:43

rpolley68
Member
Registered: 12-05-10
Posts: 3

sole trader or limited company?

hello all, i am currently setting out on the driving instructor road but am unsure if it is best to set the business up as sole trader or as a limited company :? in the beginning i will be the only ADI working for the company and the business name will not be my own. could anyone give any pointers as to their own experiences

many thanks
Raymond
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13-05-10 14:12:43

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Re: sole trader or limited company?




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#2 13-05-10 16:07:32

sue martin
Verified Member
From: National area franchises
Registered: 21-01-05
Posts: 333
Website

Re: sole trader or limited company?

Hi
  I think that most people in your position would opt for the Sole Trader option, its easier and cheaper to run and as we are not a profession that has high overheads or stock levels limited liability is not needed to the same degree as other businesses, if you haven't done so yet and choose this option just inform the I.R. you are now trading as self employed and they will sort it all out for you.
Good Luck
Sue


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#3 15-05-10 17:35:20

rpolley68
Member
Registered: 12-05-10
Posts: 3

Re: sole trader or limited company?

many thanks for the help Sue

best regards
Raymond
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