If you’re in a start-up phase or you’re just not sure what kind of business entity you’d like to register, always refer to your accountant before making a decision.
If you’re an individual, a professional or trades-person, it may be more cost efficient and easier for you to trade as a self-employed person. You can always upgrade to a limited company after your business has grown. Often businesses start off as sole traders as the benefits of incorporation may not initially outweigh the additional administration and cost of operating as limited company. In this scenario it will be very straight forward to incorporate the business at a later stage.
When you decide to trade as a self employed individual, we shall register a business name for you and register you for all taxes required. We shall assist you with setting up a bank account and recommend solicitors, insurance brokers etc to make the set up process as smooth as possible.