LeroyTywon Flowers

When establishing any business it is necessary to decide on which legal identity that the business will have. Establishing a copywriting business as a sole trader means that the company has no employees, not even the sole trader.
Establishing a business this way has benefits; time is not lost in legally establishing the business and bookkeeping is very much easier and cheaper for a sole trader.Leroy Tywon Flowers However the big disadvantage to being a sole trader is that s/he is personally liable for business debts and personal assets such as a house can be seized to pay off any debts. Another disadvantage is that larger clients may think a sole trader copywriting business too small to deal with their requirements, making tendering for some jobs difficult. Establishing a business as a Limited Company means that personal liability for company debt is legally limited; company assets can be seized to pay company debts but personally owned property and assets cannot. Also a limited Company may appear to be larger and more professional to clients than a sole trader.