Sole trader to Limited

[Mohamed IBrahim]

Hi everyone,

Just wanted to have your thoughts on this:

what are the pros and cons of changing your business from a sole trader to a limited liability company.

Thanks in advance

 

[Lisa Thomas]

Minimising the amount of personal liability incurred if the business becomes insolvent.

 

[DontAsk]

Minimising the amount of personal liability incurred if the business becomes insolvent.

Or sued.