With the current state from the economy, more and more people are finding themselves out of work or suddenly on less money as they are forced to work a shorter week to cope with shrinking company budgets. A large number of these people have taken the plunge and started their organization.

Starting your own business has quite a few advantages and appealing factors for most people, not least of which is the freedom of being your boss, choosing your working hours and deciding how issues should be done. That’s not to imply that starting your own business won’t involve a great deal of hard work, because it will, but the rewards generally far outweigh the downsides.

A great number of people start up a new company as a sole trader, becoming self-employed and registering as such with the HMRC. Unaware of the advantages a business formation would hold as an … More >>>