Should I Register a Limited Company, or Stay as a Sole Trader?

I was asked again this month to do a presentation for the Acting Out Drama school in Edinburgh for the final year students on what is the best way to trade; as a limited company or as a sole trader.

I thought it might be useful to show the differences in a table format.

This table is only a summary, and you should read and consider the facts on the Government Gateway or consult with an expert before making a final decision.