Good morning all,
im after some advice with regards to the setup of our business, we currently operate as a sole trader and are not VAT registered. We only operate on a small scale at the moment but are getting gradually busier as the months pass. I doubt we’ll ever get to the VAT threshold so that’s not an issue at the moment. We’re considering though whether it would be beneficial to register as a limited company or remain as a sole trader, and this is our dilemma, which is best? We are finding some suppliers want a VAT or company registration number so that has prompted us to look at other options, plus PayPal is requesting further company information such as the registration number to avoid having our account limited as we have a steady flow of transaction on the account!
any advice or experienced would be appreciated