you are getting mixed up with VAT registration, soon as your turnover start reaching the 65K mark you will have to go VAT registered.
A limited company is just when you register your business name with companies house and you become an employee of your own business, therefore your liability stops with what that business is worth, your personal liability is nil in case of some catastophic claim against you. Accontancy fees are a lot higher than a sole trader though |