What is the difference between being a sole trader and a limited company?

How should you structure your business?

These are big questions you have to grapple with when setting up your own business, so I asked the perfect guests on the podcast to give us some advice. Wendy Ross is the founder of Tonbridge Accountants, and is joined by her business partner and husband  Laughton. 

Together they explain the difference between being a sole trader and a limited company - in easy to understand language! 

We talk about the advantages and disadvantages of each set up, and the sort of work involved and things you will need to consider.

We also discuss what you need to be keeping a record of in your accounts in order to make sure you are being compliant.

It’s a brilliant episode that makes a complex topic much easier to understand.

Tonbridge Accountants offer a free 15 minute phone consultation, which you can book here.

The Bring Your Product Idea to Life Podcast  - Best Business Podcast Award, Independent Podcast Awards 2023


USEFUL RESOURCES:

Tonbridge Accountants Website

Tonbridge Accountants Facebook

Tonbridge Accountants Instagram

Wendy Ross Linked In


This episode is sponsored by Aubergine Legal


Do you sometimes worry that your business isn’t meeting all its legal compliance requirements and wonder if you are ticking all the legal boxes?  Are you losing sleep worrying about a piece of legislation that you might not be complying with?  Perhaps you need some help with your client contracts or your data protection compliance?  Or maybe you worry that your website doesn’t have the right documents or legal notices in the right place?  Perhaps you have a brand that you want to protect with a trademark?  

 

Do you want to outsource it all and eliminate your worries?

 

Then get in touch with Aubergine Legal, a friendly commercial legal consultancy.  Offering practical and clear commercial legal advice without the overwhelming legal jargon.  Taking the worry away and helping you to protect your business and minimise your risks. Aubergine offers a free initial 30 minute consultation if you have any questions or want to find out how they can help.


Aubergine Legal Website

Get In Touch with Aubergine Legal

Aubergine Legal Blog

Aubergine Legal Shop which includes FREE Cookie Guide, FREE Business Start Up Legal Checklist, and paid for resources including a Guide on Selling to the USA


LET’S CONNECT

Join my free Facebook group for product makers and creators

Find me on Instagram

What is the difference between being a sole trader and a limited company?

How should you structure your business?

These are big questions you have to grapple with when setting up your own business, so I asked the perfect guests on the podcast to give us some advice. Wendy Ross is the founder of Tonbridge Accountants, and is joined by her business partner and husband  Laughton. 

Together they explain the difference between being a sole trader and a limited company - in easy to understand language! 

We talk about the advantages and disadvantages of each set up, and the sort of work involved and things you will need to consider.

We also discuss what you need to be keeping a record of in your accounts in order to make sure you are being compliant.

It’s a brilliant episode that makes a complex topic much easier to understand.

Tonbridge Accountants offer a free 15 minute phone consultation, which you can book here.

The Bring Your Product Idea to Life Podcast  - Best Business Podcast Award, Independent Podcast Awards 2023


USEFUL RESOURCES:

Tonbridge Accountants Website

Tonbridge Accountants Facebook

Tonbridge Accountants Instagram

Wendy Ross Linked In


This episode is sponsored by Aubergine Legal


Do you sometimes worry that your business isn’t meeting all its legal compliance requirements and wonder if you are ticking all the legal boxes?  Are you losing sleep worrying about a piece of legislation that you might not be complying with?  Perhaps you need some help with your client contracts or your data protection compliance?  Or maybe you worry that your website doesn’t have the right documents or legal notices in the right place?  Perhaps you have a brand that you want to protect with a trademark?  

 

Do you want to outsource it all and eliminate your worries?

 

Then get in touch with Aubergine Legal, a friendly commercial legal consultancy.  Offering practical and clear commercial legal advice without the overwhelming legal jargon.  Taking the worry away and helping you to protect your business and minimise your risks. Aubergine offers a free initial 30 minute consultation if you have any questions or want to find out how they can help.


Aubergine Legal Website

Get In Touch with Aubergine Legal

Aubergine Legal Blog

Aubergine Legal Shop which includes FREE Cookie Guide, FREE Business Start Up Legal Checklist, and paid for resources including a Guide on Selling to the USA


LET’S CONNECT

Join my free Facebook group for product makers and creators

Find me on Instagram

Work with me 

Buy My Book: Bring Your Product Idea To Life

If you enjoy this podcast, and you’d like to leave a tip, you can do so here: https://bring-your-product-idea.captivate.fm/support


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If you've been inspired to start a podcast in 2024 then I recommend my podcast host, Captivate.
They were my top pick when I started 4 years ago because of how easy it was for a complete novice to get started. I’ve stuck with them because it’s still simple, they keep adding great new features (like the ability to share ads like these!) and it’s been so reliable.
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In May 2024 our sponsor is Aubergine Legal

Do you sometimes worry that your business isn’t meeting all its legal compliance requirements and wonder if you are ticking all the legal boxes?
Aubergine offers a free initial 30 minute consultation if you have any questions or want to find out how they can help.
BOOK YOUR FREE CONSULTATION HERE: https://www.auberginelegal.co.uk/contact