What signals that a sole trader should reconsider structure?

The business is growing and I may hire or take on larger contracts.

About this guidance: My Business Path prepared and reviewed this general guidance as a practical starting point. It is not advice tailored to your circumstances. Check current official guidance or ask a qualified professional when the decision depends on your circumstances.

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Revisit risk, ownership, profit, administration, customer requirements and future investment. Incorporation is not automatically better; model the practical consequences first.

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