Window Cleaning Issues - Canvassing, pole systems, pricing, problems, etc.
Sole Trader or Limited Company
Posted by Service_Champion (Service_Champion), 5 September 2003Just setting up new business, what entity do people recommend - Sole trader or Limited company?
Posted by steve_tyler (steve_tyler), 5 September 2003have a word with a good accountant,there lots of for`s and against`s for both.....
Posted by steve_tyler (steve_tyler), 5 September 2003by the way service what business are you starting up....
Posted by Service_Champion (Service_Champion), 5 September 2003I am starting up a window cleaning business and maybe look at doing pressure washing.
Posted by Mike_Boxall (Mike_Boxall), 6 September 2003I'd stick with sole trader for now if I was you. Theres a lot more admin and expense with ltd companies and the benefits dont outway them until you get to a certain size. Its a lot easier to go from sole trader to ltd rather than the other way round - whatever you do, like Steve says, get a good accountant!
Posted by The_Fed_Man (The_Fed_Man), 17 September 2003You may save tax being a limited company as you would then be an employee but you would then have to insure yourself as an employee, so it would probably outweigh any benefits as employer liability insurance is now very expensive and in some cases hard to get cover.
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