The Wallet6 Feb 2025

Sole Trader vs. Limited Company: Choosing the Right Setup

Feeling uncertain about your business setup? In today’s episode, we’re tackling one of the biggest decisions for freelancers in the UK—should you be a sole trader or set up a limited company?

I’m joined by Janet Knapton, a Chartered Accountant and expert in helping freelancers make smart, tax-efficient decisions. Janet breaks down the pros and cons of both structures, helping you decide which one is right for you and your business.

You’ll get clear, simple, and actionable steps to make this crucial decision, and tips on staying tax-efficient while focusing on what matters most: growing your business.

For more resources, including links to Janet Knapton’s website and social media, check out the episode page.

If you found this helpful, make sure to listen to our next episode for more expert tips on managing your finances as a freelancer!

If you liked this episode, discover the full series.

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