If you’re considering setting up a new business in the UK, the two most popular options are the sole trader structure and a private limited company. The sole trader option is more suitable for startups and very small businesses which are owned and operated by just one person, whereas a limited company is ideal for all types and sizes of businesses with one or more owners, including startups, existing sole proprietors and established organisations. There are advantages and disadvantages to both legal structures, so it’s important to familiarise yourself with their features and requirements to determine which one will best serve your needs.…