Are you thinking of setting up your own business? Confused about where to start? At Atkinson Accounts we believe the best place to start is the business type. Is a sole trade of a limited company the answer for you? This doesn’t just apply to start ups! Regardless of what stage of its life cycle.
Before you start trading as a sole-trader you’ll need to ensure your banking facilities are in order. So, do you need to set up a small business bank account for your business, or can you use your own personal bank account? Unlike with a limited company, there is no legal requirement for a sole trader.