28th March 2022
A new single legal status has been created for small business owners, granting improved protection over personal assets.
Since its creation in 2009 there has been a phenomenal growth in the number of business owners who have chosen run their business as a micro-entrepreneur, with now over 2 million who have chosen this status.
Although simple to understand and operate, the status grants no limited liability, except for the principal home, which is protected from professional creditors.