Sole trader Accounts and ltd company

[buddyric]

hi

i am aware of most of the advantages and disdavantages between the two, but would appreiciate an answer to this question.

Are the accounts of a sole trader visable to anyone on a government website so that they can check their creditworth, where as ltd company accounts are visable to all to see.

Surely the latter would give more credance to the company/ sole trader of past trading history

 

[elaine@cheapaccounting]

sole trader accounts aren't visible - no

 

[Jeremiah@RHJ Accountants]

Sole trader accounts are not visable

you could file Abb Ltd at companies house which are visable but are more discreet than if you file full Ltd accounts.

If having someone view your accounts is your main concern

 

[MyAccountantOnline]

...where as ltd company accounts are visable to all to see.

But bear in mind many companies are able to take advantage of whats called small company filing exemptions - this means the amount of information available to the public is very limited.