Last year I quit my job to set up my own photography business. I'm running my business as a sole trader as I knew the income in the first year at least would be low and under my personal allowance. My old firm has asked me to go back on a 6 month contract. They have offered 2 rates - a lower day rate if I go through an umbrella company and a higher one if it's through a ltd company.
My head is spinning somewhat. Couple of initial questions.
Is the hassle of having a ltd company worth it for 6 months?
Can I be both a sole trader and have a ltd company?