Simple setup with minimal paperwork – no need to register with Companies House, reducing initial costs and time.

Full control over business decisions without requiring shareholder approval, allowing quick adaptations.

Direct access to all profits after tax, with no need to distribute dividends, keeping finances straightforward.

Flexibility in business operations, making it easier to pivot or scale based on market changes.

Lower administrative burden compared to limited companies, with fewer filing requirements and regulations.

Privacy, as your financial details aren't publicly available like company accounts, protecting your business information.

Tax simplicity with income reported through Self Assessment tax returns, avoiding corporation tax complexities.

Ability to offset business expenses against income to reduce tax liability, including costs like travel or equipment.

Potential for tax savings through personal allowances and reliefs, optimizing your overall tax position.

Easier to close or change the business structure if needed, with fewer legal hurdles and formalities.