lynjo
Full Member
As a relatively new CDC my business has taken off rather well and my accountant has suggested that i might want to change to a 'limited company' rather than be a sole trader. Please can anyone else tell me more about this and what it entails. He did baffle me a bit with all the info and to be quite honest i didnt really understand it at this point and thought it would be way way in the future so didnt worry too much about what he was saying at this point....(that'll teach me eh!!!!) So based on my lack of knowledge please could anyone tell me if they are a limited company rather than a sole trader and if so what are the differences and the benefits for me.
Obviously i will ask my accountant in more depth about it but would like to get an honest opinion from someone who is a 'limited company'.
Thanks in advance
lynjo
Obviously i will ask my accountant in more depth about it but would like to get an honest opinion from someone who is a 'limited company'.
Thanks in advance
lynjo