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This thread has shown up the number of people who haven't got the faintest clue, and then there are those who think it is clever to try and carry out a fraud. Then there are those who think as a sole trader you can 'pay' yourself a wage, NO YOU CAN'T AS A SOLE TRADER ANY PROFIT IS THE WAGE.As for Ltd there has to be by law TWO directors of the company as listed on Companies House register.Simply stop reading the cr.p on here and get some real professional help/advice.Finally a bit of friendly advice to any newbies. You might not make a tax payment for a year after starting up but at some point you will have to pay the tax on any money EVER earnt so stick 20% away from day one.