I am currently working on a long term contract providing professional services & operating as a sole trader. My turnover is 130K euro ex vat per year & the only major expense that I have is a lease on a commercial jeep which is approx 10K per year. Is there any advantage of me changing from a sole trader to a ltd. company. I am aware of the Ltd. liability that everyone mentions but I invoice weekly & dont have any major expenses or "more than likely" would never be sued due to the nature of my work. I would like to hear any other advantages or disadvantages as to whether I should change my status or not.
Thanks in advance.
Thanks in advance.