When starting a small business, one of the first things to be decided is the legal structure used for the business. It can either be a sole trader or limited company or a partnership. Setting up as a sole trader is the most popular legal structure in the UK, with approximately 3.2 million sole proprietorships in 2021. Sole traders accounted for 56% of small businesses in the UK. There were also 2 million limited companies, making it the second most popular legal structure.
Categories
- News
- Ask the Experts
- Top Guides
- Starting Up
- Company Guides
- Sole Trader Guides
- Tax / Accounts
- Business Expenses
- Business Finance
- Payments
- Grow a Business
- Contracting Guides
- Insurance
- Legal
- HR / Staff Management
- Success Stories
- Small Business Funding
- Franchising
- Small Business Marketing
- Small Business Ideas
Our Partners
Hiscox Business Insurance
Tailor your policy from Hiscox
to suit your business needs
Freelancer Financials
Company Director? Borrow up to 5 x your income for your mortgage
Looking to hire for IT jobs?
Find great candidates at Technojobs
Starling Business Banking
The bank account built to help UK-based businesses do their banking on the go. Apply in minutes.
Healthcare insurance
Health Insurance for Contractors from WPA - protect yourself and your business
Life Coaching
Coaching workshops on topics relevant to your small businesses.