21-03-2003, 11:03 AM
I am about to start up an Introduction (dating) Agency and wondered whether it would be better to be a sole trader or a limited company. I know with banks the only difference is if you want to borrow money you are less likely to get a loan if you are a limited company but I don't think I'll be borrowing money so this doesn't apply to me. My question is are there any other major implications of becoming a sole trader or limited company? I am very unsure of which I should become to run my business.