Sole Trader or Limited Co.?

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#185

From: Martin Hooper
Date: Fri, 04 Dec 1998 00:00

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Hi,
I'm thinking about providing an MS Access database solution to UK local
authorities.  I initially thought that it would be essential to operate on
the basis of a limited Co. in order to protect me from personal liability in
the event of litigation.  However, when I went to one of these business
startup advisors, he said that this would not be necessary as even limited
status is no guarantee of freedom from personal liability in circumsances of
negligence etc.  Limited status clearly has the disadvantage of being more
expensive to administer.

I wonder if anyone could offer any advice regarding the pros and cons of
each approach?

Any advice gratefully accepted.

Martin Hooper

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From: "Martin Hooper" <martin@burrypt.demon.co.uk>
Subject: Sole Trader or Limited Co.?
Date: 1998/12/04
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