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Sole Trader or Limited Company - UK

joebount
joebount
polycounter lvl 13
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joebount polycounter lvl 13
Hi guys,

I just wanted to know what I should pick between Sole trader or a Limited Company (details on why one or the other would be better would be greatly appreciated).

Thank you!
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  • poopipe
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    poopipe grand marshal polycounter

    When I was self employed I acted as a sole trader because I had no real outgoings or expenses and didn't earn a massive amount of money.  It simply wasn't worth the extra paperwork for me. 

    However

    This is important 

    You need to ask an accountant what's best for you.  There are a multitude of legal grey areas surrounding tax, national insurance and employment status.  You need professional advice because you risk serious legal trouble if you get it wrong.
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  • joebount
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    joebount polycounter lvl 13
    Hi guys,

    Quick question about VAT. Do you have any idea what is the SIC code for 3d artist (game/vfx)? I can find Jersualem artichoke producers but no digital content.....
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