Setting up your business correctly from the start is an important first step in your street food journey. A lot of traders start as a sole trader because you don’t have to do much paperwork to start and can just get going. However, as their business develops, many move to being a limited company to help better manage their income and expenditure.
Ever wondered what’s the difference between a sole trader and a private limited company? Or what you’re personally liable for in terms of payments or health and safety? In the table below, we outline all the different options ahead of you so you can make sure you’ve made the right decisions for a food business.
A sole trader company is the simplest kind of business structure. There’s no legal difference between a sole trader and their business. As a sole trader, you are the business as far as the law is concerned.
Lesson 2 – Branding
Branding is way more than a logo or a slogan – it is everything you do. Learn more in lesson 2.