Starting up in business as a sole trader

We've put the first of a series of blogs for people looking at starting a new business up on Accountancy Edge.

One important decision every new business has to make before it starts trading is "what sort of trading entity will be used?"

You could be a sole trader, a partnership, a limited company or a Limited Liability Partnership (LLP).

Each one has its own unique features that may or may not suit it to your circumstances. So it's important to get it right.

Our first post looks at the pros and cons of being a sole trader.