A: There are various advantages and disadvantages of trading as either of the above. Some things to consider could be the following:
- - The type of industry you will be trading in.
- - Whether you have any other sources of income outside of the trade.
- - How may it affect your market position? For example, some of your customers or suppliers may prefer to trade or do business with a limited company as opposed to a sole trader, or vice versa.
These are just some of the items to consider. Please get in touch with our team today who can guide you through what’s best for you in your situation.