From: Ronald Raygun 
Subject: Re: LTD, working separately full-time - save tax??
Newsgroups: uk.finance
Date: Tue, 31 Aug 2004 10:56:22 GMT

tim wrote:

> "Ronald Raygun"  wrote
>> Scott wrote:
>>
>> > Anyway - because of the high turnover is it prudent of me to make the
>> > business a LTD
>>
>> I don't see what size of turnover should have to do with deciding
>> whether to operate as a Ltd Co or as a sole trader.
> 
> It would seem relevent for the Ltd liability if, as seems the case,
> you are selling on high cost, low margin items.  If something should
> go wrong with a large batch of sales the Sole trader could find
> themselves with a bankrupting amount of compensation to pay

Surely the trader would, in turn, be compensated by his supplier.