Free quiz — 1 minute
Should I Incorporate? — Quiz for Sole Traders Considering a Limited Company
Incorporation is not just a tax decision — it involves liability, admin, credibility and future planning. This quick quiz assesses your profit level, business type, growth plans and personal circumstances to give you a clear recommendation on whether forming a limited company makes sense for you right now.
Factors beyond tax
Tax savings are the most obvious reason to incorporate, but other factors matter too. A limited company gives you limited liability — your personal assets are protected if the business gets into difficulty. It can improve credibility with larger clients who prefer to work with registered companies. And it provides a clearer structure for bringing in business partners or investors in the future. On the downside, you lose simplicity and flexibility, and your accounts become public.
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