Hey Family! Welcome back to my channel. Today, I’m diving into a crucial topic for anyone starting a business: should you register as a sole trader or a limited company? I'll be sharing my personal regrets and the lessons I've learned from my own experience.

💡 In This Video:

The differences between sole trader and limited company
My personal experience and regrets
Tips to help you make the best decision for your business
As an entrepreneur building my clothing brand from the ground up, I want to share every step of this journey with you. Thank you so much for helping me reach 50 subscribers! We're on the road to 100, and I couldn’t do it without your support.

Useful Links:

Register as a Sole Trader (UK Government): https://www.gov.uk/set-up-as-sole-trader
Register a Limited Company (UK Government): https://www.gov.uk/limited-company-fo...
HMRC YouTube Channel:    / @hmrcgovuk  
Osome - Company Registration Help: https://osome.com/uk/register-a-company/

Chapters

0:00 Introduction
01:07 Types of Companies
01:34 What is a Sole Trader?
02:09 Pros of a Sole Trader
02:56 Cons of a Sole Trader
04:06 What is a Limited Company?
04:33 Pros of a Limited Company
05:11 Cons of a Limited Company
07:13 Why I registered my Business as Limited Company
07:44 What to do before Registering your Company
10:10 My Regrets- Why you should register as a sole trader

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