Sole Trader or Limited Company?

Starting a new venue styling business is a big step to make but one of your first big decisions will be whether to become a sole trader or “go Limited”.

When we set-up our first events business in 1995, we had spent the first 2 years researching before we started advertising for our first client.  Now we have the advantage of tools like the internet and social media, the whole process becomes much faster and a new business can be set-up virtually overnight.

But does every new business owner really understand the true implications of what they are embarking upon, and in particular, the rules and responsibilities they need to abide by to avoid fines or ending up on the wrong side of the law?

This guide highlights some of the key areas to consider when thinking about whether to set up your venue styling business as a sole trader or a limited company.