Sole Trader or Limited Company?
Buzz supports both — but choosing the right setup can save you time, money, and stress. Here’s what you need to know.
Which One’s Right for You?
Not sure where you fit? Here’s how to decide, and fast:
Go Sole Trader if:
You’re just starting out
Go Limited Company if:
What’s the Difference?
SOLE TRADERS
You’re the business.
There’s no legal separation between you and your work, which makes things simpler – less admin, easier setup, and straight income tax on your profits.
LIMITED COMPANY
This is a separate legal entity. You run it, but it’s not you.
That means more paperwork, but more control – especially when it comes to how you pay yourself (salary + dividends) and how much tax you pay.
Whichever You Choose, Buzz Has You Covered
Whether you go sole trader or limited company, Buzz keeps things running smoothly.
We don’t just do your books – we connect the dots:
✅ Your FreeAgent licence is included
✅ Income, expenses, and tax — tracked in real time
✅ HMRC submissions? Sorted.
✅ Bank feeds, invoices, payroll, VAT — all connected
You stay focused on your business. We’ll handle the numbers.
Changing Later?
No Problem.
Not sure which setup to choose? No stress.
If you start as a sole trader and want to go limited later, Buzz makes the switch easy. We’ll handle:
✅ Company registration
✅ Payroll setup (if needed)
✅ FreeAgent transfer — no data loss
✅ Clean, continuous bookkeeping
No messy handovers. No starting from scratch. Just a smooth upgrade when you’re ready.
Useful resources
Sole Traders: 6 Tax Prep Tips to Stay Ahead All Year Long
If you're a sole trader, you already know the drill—tax season creeps up, and suddenly you’re buried in receipts, invoices, and...
Ready to Simplify Your Accounting?
Let Buzz Handle the Hard Stuff
Join the small business owners who trust Buzz to manage their bookkeeping, taxes, and more – all in one place.
With powerful tools, expert support, and plans starting at just £9.99/month, it’s time to take control of your accounts and focus on what you do best.
