How to know when your hobby turns into a business in 2025
Do you have a hobby that might have turned into a business? Whether you are accepting money for public speaking engagements, online selling, provide entertainment at parties or make crafts which you sell at a market, there comes a point when your hobby turns into a business.
How to set up a Limited Company
Once you have made the decision to run your business as a Limited Company, you have to set it up as a legal entity. Depending on your business, this can be a very straight forward process that takes only a few minutes online.
Should you set up your company as a sole trader or limited company?
When you first set up your business, you can choose between sole trader or limited company. It is worth taking some advice on the subject.