I wanted to run my business as a limited company instead of being self-employed what are the differences?.
Being a sole trader is without doubt the simplest way to start a business. But setting up a business as a limited company involves a more complex formation process, and the financial and administrative responsibilities of running a limited company are certainly greater than those of a sole trader. However, there are many benefits a limited company has over the self-employed route.
APAS Business Solutions can advice you on how to account for your business activities through the annual self-assessment tax process but a limited company is a completely separate entity from its owners. However the company profits are subject to corporation Tax.