Closing down your sole trader business? What to do step by step
Stopping self-employment? Here’s how to close your sole trader business properly, from tax and HMRC to bank accounts and records.
Not sure if self-employment is right for you?
This section explains what it really means to work for yourself, including the advantages, potential risks, and the key decisions to think about before starting a business.
You’ll find practical guides on choosing a business structure, registering with HMRC, and understanding what happens in the first few months of trading.
If you’re ready to get started, begin with our 15 steps to becoming self-employed.
You can also compare the two most common structures in the UK: sole trader vs limited company.