I’ve been advised by a business mentor at my university that I form a limited company for my business rather than operate as a sole trader. It was a rushed corridor conversation, and he didn’t actually get a chance to tell me why! Typical. So, is there any way you might be able to let me know why you think I (or anybody, really) would benefit from changing from a sole trader to a limited company? I simply want to be as informed as possible before I do something silly.
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