More people are online than ever before and asking questions that you might have the answers to or looking for product that you might offer. Therefore there’s never been a better time to start an online business than right now. There are many reasons why people are starting an online business...

Starting up as a sole trader is without doubt the simplest way to start a business in the UK. All you need to do is inform HMRC that you are working as self-employed, and report your business activities through the annual self assessment tax return. Setting up in business as a LTD involves a more complex...

Sole Trader Sole Trader means you run your own business as an individual. If you start working for yourself, you’re classed as a sole trader. This means you’re self-employed - even if you haven’t yet told HM Revenue and Customs (HMRC). You can keep all your business’s profits...

Limited Company by Shares Limited company means the business is a separate legal entity, has separate finances. Limited company by shares, means the company has shares and shareholders, can keep any profits it makes after paying tax. If you run business as a private limited company (Ltd), means you are a shareholder;...