Easy and low-cost setup – no formal registration with Companies House required, just notify HMRC.

Full control over business decisions and profits – you make all choices without shareholder approval.

Simplified accounting – fewer compliance requirements than limited companies, reducing administrative burden.

Tax advantages through personal allowances and expense claims, potentially lowering your tax bill.

Flexibility to adapt your business model quickly without complex legal changes.

Privacy – your financial details aren't publicly disclosed, unlike company accounts.

Ability to use your personal bank account for business transactions, though separate accounts are recommended.

Straightforward tax filing via Self Assessment, with one annual return to HMRC.

Lower administrative and compliance costs, saving time and money.

Direct access to profits – you withdraw earnings as personal income after tax.