Many self-employed contractors and freelancers think that they have to register a limited liability company in order to trade.
This is a common misconception.
In fact, there is very little advantage of registering a company when you’re trading as an individual, and for some it can result in increased compliance costs and headaches.
We’ve put together this quiz for independent earners to find out if it’s worth registering as a company.
Use Hnry’s quiz below to see whether or not you should register as a company or stick to being a sole trader:
DISCLAIMER: Results are indicative and do not constitute financial, legal, or other forms of advice.