What should I register my business as? Whether it's as a limited company, a partnership, a community interest company, or sole trader, one thing's for sure.... it shouldn't be decided with the flip of a coin.
How your business is set-up & registered should be carefully considered based on a number of factors.
There are pros and cons for each but "limiting tax liability" shouldn't just be the main consideration. Personal liability and the aims of your business play an important part in the decision. It can get a little confusing and that's why it's something best discussed with an accountant who can explain the legal business structures and give relevant information allowing you to carefully consider each type before deciding which one best suits you.
The decision is always yours, but let your accountant (us!) help you. We can also help you set it up and don’t charge for doing so unlike lots of other organisations.
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