Sole traders
If you work for yourself as a sole trader, you are personally responsible for your business debts.
Support is available for every type of business
Running a business can bring a lot of responsibility, especially when money becomes difficult to manage. GroceryAid works with Business Debtline to help you understand your options and find a way forward.
How your business is set up can affect the way debt is handled. Business Debtline offers dedicated guidance for the most common trading structures.
If you work for yourself as a sole trader, you are personally responsible for your business debts.
If you run your business with one or more partners, Business Debtline can help you understand your shared responsibilities and options.
A limited company is legally separate from its directors and shareholders. Business Debtline can help you understand what this means for business and personal debt.
Business Debtline supports more than 100,000 self-employed people each year with free, practical advice on business and personal debt.
You can speak to an adviser by phone or webchat and talk through the best next step for you and your business.
If you’re based in Northern Ireland, dedicated business money advice is also available.
Business debt can take an emotional toll too. If you would like to talk about how things are affecting you, GroceryAid’s free and confidential Helpline is available 24 hours a day.
Call: 08088 021 122
WhatsApp: 07418 360780