Registering your business

Solved
MarkMcG
New Member
4 0 1

Hi Guys, I’ve just recently set up my online store but looking for some advice.

 

If you are based in the UK and trading online worldwide, how do you register your store as a business to comply with tax laws etc? when just starting out, is it best to be a sole trader or do you need to register as a limited company?

 

Any advice is much appreciated.

 

Thanks 

Accepted Solution (1)

Accepted Solutions
mahfood
Tourist
11 1 5

This is an accepted solution.

Not advice specific to the UK, but in general this is something you need to discuss with a lawyer or a legal accountant in your country.

 

Sole proprietor vs LLC each has it's own tax benefits and personal liability protections depending on your area of jurisdiction and your plans for the business and it's best to discuss these matters with a professional who understands these intricacies.

View solution in original post

Reply 1 (1)
mahfood
Tourist
11 1 5

This is an accepted solution.

Not advice specific to the UK, but in general this is something you need to discuss with a lawyer or a legal accountant in your country.

 

Sole proprietor vs LLC each has it's own tax benefits and personal liability protections depending on your area of jurisdiction and your plans for the business and it's best to discuss these matters with a professional who understands these intricacies.

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Welcome to the community for Shopify merchants in the UK. Our goal is to make sure you have the tools and knowledge to succeed and grow.

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