Being a sole trader can be a very lonely experience. Apart from some tax reasons it is much better to be a limited liability company.
As you know there is no real difference between your debts as a sole trader and personal debts and assets. So before you go any further click the Sole Traders top 10 tips guide.
Read the top 10 tips? If not, click now.
Ok, now you know what you should be doing. Don’t bury your head in the sand; the problems will not go away. If you have decided that the business is not viable look at Bankruptcy guides. Then call for help.
If it is viable look at the Go options like IVA, Trading Out and Refinance Your Business. Then call for help.
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