K
kube
Guest
Hi, can anyone give advice or tell me the 'pros and cons' of setting up a Limited company. My husband was made redundant last year and our Accountant is advising him to set up as a Limited company. I am a Sole Trader working freelance and so the idea would be that we would both be directors of this 'new' company. I have a friend who is in the same line of business as my husband and she has strongly advised NOT to go this route as it cost them a huge amount of money. They went bankrupt, her husband is back as a Sole Trader now.
It sounds like the right thing to do when speaking to our Accountant, however I'm not sure what to think now.
Any advice or personal experience of either would be much appreciated or if you could point me in the right direction to get some information on the issue.
Thanks
It sounds like the right thing to do when speaking to our Accountant, however I'm not sure what to think now.
Any advice or personal experience of either would be much appreciated or if you could point me in the right direction to get some information on the issue.
Thanks