Standing tall as an independent trader.

Being a sole trader means being your own boss, and having complete control over all your company’s operations. It also cuts down on the paperwork and record keeping associated with being a limited company.

However, as a sole trader you aren’t protected by the same limited liability that you get by incorporating as a UK Ltd company, so you will be personally responsible for your company’s debts, and your personal assets will not be protected.

Make sure that you are choosing the best option for you and your business by getting all the information you need about being a sole trader, and how to form a limited company.

As a sole trader, you are also unable to protect your chosen company name, so you may want to consider our name reservation service, to prevent a limited company from trading under the same name as you.

If you decide that being a sole trader is right for you, want to protect your company name, or wish to form a limited company to protect your assets, we can provide you with the guidance and information you need.

• you may want to consider trading as a limited company. This would protect your personal assets and the brand (company name) you may be using and developing

• you can use our name reservation service to protect your company name. This will prevent anyone else using or taking your name, and also will be very useful if you decide you want to upgrade to a limited company at a later stage

• make sure that you take advice from a good accountant about the trading structure that best suits your specific business circumstances
  

check to see if your company name is available

register a limited company

reserve your company name