Freelancing has become a common way of working in the last decade, and is likely to achieve even greater prominence as companies seek ways to cut staff costs during economic turmoil. One of the basic decisions a freelancer has to make is whether to work as a sole trader, or incorporate themselves as a company. The latter offers some tax advantages, and can help secure your assets if the business gets into difficulties, but involves a lot more paperwork and can seem like overkill. While you should always get individual advice from an accountant, we'd like to know which route Lifehacker readers have taken when they've gone the freelance route. Share your experiences in the comments.
How Do You Set Up Your Freelance Business?
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