Simple setup – register with HMRC for Self Assessment, no Companies House registration needed.

Complete control – make all business decisions without shareholder approval.

Direct profit ownership – all profits after tax belong to you personally.

Operational flexibility – adapt quickly to market changes with minimal red tape.

Lower admin burden – simpler accounting requirements than limited companies.

Privacy – business details aren't publicly available, unlike company records.

Tax efficiency – use personal allowance and potential lower tax rates on income.

Loss offset – deduct business losses against other income to reduce tax.

Grant access – eligible for small business grants and support schemes.

Automation potential – streamline accounting with cloud software to save time.