Sole Trader Registration Service - Company Formation Package
Do you want to register a company as a sole trader, but you’re not sure what you need to do? Our Sole Trader Registration package gives you everything you need, and we’ll take care of the whole process, including filling in your paperwork and submitting it to HMRC.
Please note that sole trader registration requires a National Insurance (NI) number.
If you are ready to register as a sole trader, click on “order now” and follow the instructions to submit the form online.
Our company formation specialists will contact you and take care of the filing procedures and legal formalities of sole trader registration.
Sole trader package
£29
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Sole trader registration
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Free consultation with an accountant
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Free business start-up guide
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Free marketing guide
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Free lifetime support
Order Now
Set Up a Sole Trader Company in the UK
The process to register as a sole trader in the UK is one of the easiest ways to start a business, and it’s even easier with our sole trader registration service. But if you’re not sure whether you should register as a sole trader or as a limited company, we’re here to help.
A sole trader is a self-employed person who runs their own business with no employees. Legally, there’s no distinction between you and your business. There are many benefits to becoming a sole trader, including:
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Freedom of choice — As a sole trader, you can choose who you work with, when you work and how you want to run your business. You have complete control over every aspect of your business without the responsibility of employees.
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Privacy — When you register as a limited company, your business’s financials will be available to anyone on the public register. But as a sole trader, you can keep all of your financial information private.
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Tax is straightforward — One of the most worrying elements of being self-employed is tax. If this is your first time being self-employed, it’s likely you’ve never dealt with self-assessment tax returns. Fortunately, they’re easy to complete and even easier with the help of an accountant.
If you’re interested in registering as a sole trader, get in touch with us today. We can help you make sure that becoming a sole trader is the right choice for you and answer any questions you might have
Once you’re ready to register, we’ll take care of everything by handling your paperwork and submitting it to HMRC. Once you’re all set up, we continue to support your business with free guides, ongoing support and a free consultation with an accountant.
Exceptional Customer Service
Rated five stars, we have been given a 97% positive service rating by customers. We work hard to find new ways of making your experience with us nothing but exceptional.
Strongly Recommend
I am not based in the UK and so not aware of any regulations. Catherine helped me understand about the yearly filing and helped me in a highly professional manner. Since then, I formed two other companies with them and will strongly recommend them to you.
Sophia Wilson
Easy to Use Website
Easy to use website helped me a lot. It felt very easy to reach you all the time I needed both by phone and chat. Even after some misunderstanding, I felt bad of myself being rude to them. Still, they were very calm helping me solve my problems. 5 Stars for you, Steve.
Byrne Harry
Polite and Professional
I am really impressed with the service. They have been helpful, polite and professional. I had issues selecting business activity with some codes, and they guided me to select an exact one for mine. I would recommend your service to people looking to register a new company.
Dimension Security Limited
Find all customers reviews here
Sole trader registration
Frequently Asked Questions
What is a sole trader?
When you
register as a sole trader
, you run your own business as an individual and are self-employed. You can keep all your business’s profits after you’ve paid tax on them, but you’re also personally responsible for any losses your business makes.
Sole trader registration
means you must follow specific rules on running and naming your business.
What are your responsibilities as a sole trader?
As a sole trader, you’ll need to:
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Keep records of your business’ sales and expenses
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Send a self-assessment tax return every year
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Pay income tax on your profits and class 2 and class 4 national insurance - use
HMRC’s calculator
to help you budget for this
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Apply for a National Insurance number if you’re moving to the UK to set up a business.
How should I name your sole trader business?
When you register as a sole trader, you can trade under your own name or you can choose another name for your business. You must include your name and business name (if you have one) on official paperwork, such as invoices and letters.
Sole trader names must not:
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Include the words “limited”, “Ltd”, “limited liability partnership”, “LLP”, “public limited company” or “plc”
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Be offensive
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Be the same as an existing trademark
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Contain a “sensitive” word or expression or suggest a connection with government or local authorities unless you get permission
How long does sole trader registration take?
Filling in our simple online application form takes just minutes, but it can take approximately four to six weeks for you to receive your UTR from HMRC.
What is the difference between a sole trader and a limited company?
There are various differences between operating as a sole trader and running a limited company, and the one that will be best suited to you will depend on how you plan to run your business and how quickly you want to grow. Our blog post outlines the
differences between a sole trader and limited company
, along with the advantages and disadvantages of each.
As a sole trader, can I register for VAT?
Yes. After you register as a sole trader, you must register for VAT if your turnover exceeds £85,000 per year. You can register voluntarily if it suits your business; for example, if you sell to other VAT-registered businesses and want to reclaim VAT. We can help you
register for VAT online
for just £49 +VAT.
What do I receive from HMRC when I register as a sole trader?
When you buy our sole trader registration package, we will register you as self-employed with HMRC. The HMRC will then send you your Unique Tax Reference (UTR).
Can I start trading before I receive my UTR?
Yes, you can, but you must complete your sole trader registration within three months of the date you started trading. This effectively allows you to start trading as soon as you submit your application, allowing you to hit the ground running while knowing that your company formation admin is all taken care of by us.
Are there any annual fees?
There is no annual fee for our Sole Trader Registration package. For our Sole Trader Plus package, there is an annual fee of £49 +VAT, which includes the preparation and filing of your confirmation statement and annual accounts. This will ensure your company name continues to be reserved.
