What is the benefits of having a ltd company compared to being a sole trader?
Answer:
One certain benefit is the that your liability ends when the business ends as opposed to you being liable to lose everything even personal assets as a sole trader. Therefore your debts die with your business as Limited but they will be claimed from your assets as a sole trader.
think liability
i'l ask my hubby and get bk 2 u on this one. we had this convo a hundred tyms but i stil dnt get it. much!
Your liability is greater in the case of a sole trader. In the event that your business goes insolvent, your personal liability comes in.
In the case of a ltd co, you are more or less limited by your authorised capital.
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