I have been in business as a sole trader for several years, but now I am looking for a total change of pace. I’d like to transform my business into a more expansive non-profit. My only question is: is this even possible? As the plan is to be non-profit (we might later apply for charitable status), I am aware that limited by guarantee is the most suitable company structure. I’m just not sure if I’m allowed to go from sole trader to limited by guarantee, as it sounds like quite a jump.
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