There are many rewards of being your own boss, but there are also many risks and challenges of being self-employed. We will assist you in weighing Pros and cons when taking a decision whereas to go solo and take on all the challenges at the initial stages and on a daily basis. And obviously a Lifelong question asked by the self-employed is whether to trade as a company or as an individual. The decision has influence on tax, legal and financial responsibilities, the amount of paperwork you will need to complete and how your peers view you.