When you start a business, one of your most important decisions will be how you choose to define your company as a legal entity. Whether you want to set up a traditional business or found a startup, the structure you choose will determine the tax you pay, the regulations you need to follow, whether you can be held personally liable for money your business owes, and more.
A popular choice among many small businesses just starting out, 'sole trader' is a relatively low-maintenance business model
and is super simple to set up.
Set up as a sole trader
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