Hi there
I've been in here before, gotten great advice and have literally gone back to the drawing board on a few things (a good thing).
I am at the final stages of setting up my business. It's small, home based (at present) just me operating and financing it and I've been told that everything is looking good.
There's just one 'little' issue.
The business structure.
I had thought that being a sole operator I could set up my business as a sole trader but I'm being advised to consider a company (sole proprietorship) on the basis that it would protect what assets I have (ie. my car and house) better.
On paper (I've been reading up on companies) it all looks really
simple. And this makes me wonder whether I have missed anything!
Has anyone been in this position before? If so, what are your thoughts? What direction did you end up taking?
I'll have to make a decision on Monday so that I can basically proceed with everything else.
All comments welcome.