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Changing From A Sole Trader To Ltd Company

paul7g · 2014-12-09 14:36:13

Hello, I am trying to decide whether i (soletrader) should register for VAT as a soletrader or if i should change to a private ltd company. Could someone provide a brief synopsis on what the advantages and disadvantages are of the above, or alternatively if you have a link that i could read up on, thank you.

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09-12-2014 3:36pm

#1

paul7g

Registered Users Posts: 268 ✭✭

Join Date: November 2014

Posts: 176

Hello,

I am trying to decide whether i (soletrader) should register for VAT as a soletrader or if i should change to a private ltd company.

Could someone provide a brief synopsis on what the advantages and disadvantages are of the above, or alternatively if you have a link that i could read up on, thank you.

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#2 10-12-2014 8:46pm
NotaSheep

Registered Users Posts: 85 ✭✭

Join Date: November 2014

Posts: 83

VAT is treated the same whether you are a sole trader or a limited company. There would be no change in your VAT liability. There are other differences of course, but these are unrelated to VAT. This is a good article on the subject: stuartmeharg.ie/starting-a-business-sole-trade-vs-limited-company/

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#3 12-12-2014 3:32pm
paul7g

Registered Users Posts: 268 ✭✭

Join Date: November 2014

Posts: 176

Great, thanks for your help.

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