Start a business as a Sole Trader or Limited Company
Posts by ByteStart
About ByteStart
ByteStart is one of the most popular growth business sites in the UK. We publish no-nonsense guides and practical help for start-ups and growing businesses, with a focus on the self-employed (sole traders).
The site was set up by James Leckie and Emyr Williams in 2004.
Over the past 25 years, the team behind ByteStart has also developed some of the most popular business sites in the UK.
For more details, see the About ByteStart page.
Self-employment is an important, but often neglected, part of the economy. According to the Office for National Statistics, there are approximately 4.4 million self-employed people in the United Kingdom, representing…
Should you run your business as a sole trader or set up a limited company? We explain the pros and cons of each – including setting up, tax and liability.
You’re self-employed if you work for yourself and aren’t paid through PAYE. If you earn more than £1,000 a year this way, you need to register with HMRC.
If you're starting up, do you need a separate bank account for your new business? The answer depends upon the type of business structure you work under.