Sole Trader vs Limited Company

Truegho

So you don't need to give your company an official name? I always thought you had to.

KiKi wrote: »

You don't need to 'set up' at all. Just tell HMRC you're self employed - and that's pretty much it.

Keep all your invoices, and all your receipts. Fill in a tax return.

KiKi

Owain_Moneysaver

Truegho wrote: »

So you don't need to give your company an official name? I always thought you had to.

If you're self-employed there is no company.

If you're a sole trader you can trade under any name (subject to restrictions about not pretending to be a company, using particular words etc) but you don't have to have a trading name.