Sole trader or LTD?

[pgi947]

I've looked over this a thousand times from various places and still can't make sense of it.

Basically I plan to start up by my self, I already have at least 2 clients waiting and ready to go.

I just can't decide what I need to do and how, set up as sole trader or LTD.

I do plan in the future provided all goes well to employ at least one person to keep up with workflow but what I've read about LTD suggests I need to open the busness with a partner?

Any and all advice welcome.

 

[pgi947]

Thanks all, to sum it up see an accountant and go from there, thanks for the advice all, think going LTD is the way forward for me but we'll see what the accountant says

 

[pgi947]

Thanks again guys, got a meeting with an accountant that specialises in new start ups on Monday