2 articles tagged with Sole Trader vs Limited Company.
Below a certain level of annual profit, operating as a sole trader is simpler and no more expensive in tax terms than running a limited company. Above it, incorporating usually starts to save money. Here is the break-even point for 2026/27.
Sole trader, partnership, LLP or limited company -- each structure has different tax, liability and admin implications. This guide compares all four for UK businesses in 2026.