Incorporating a company (i.e. when you form a limited liability company) you actually create a legal entity that is a separate and distinct entity from that of the company directors, shareholders and other officers. The creation of this entity is one of the best ways to protect a business owner from personal liability. Shareholders of a limited company are generally not liable for the debts of the company in the event of the company ceasing to trade. Creditors of a limited co

A Sole Trader business is one of the simplest types of business concerns to run. The Sole Trader i.e. you, a single person (a one-man/one woman business) is a frequently used business model. A Sole Trader business structure is one where the business i.e. the owner operates either in his/her own name or under a particular business name without having chosen to register a limited company and/or become engaged in a business partnership. THE CHARACTERISTICS OF A SOLE TRADER * You