Comments on: Sole trader: pros and cons

By: malcolmcoles

malcolmcoles — Sun, 09 Jan 2011 21:03:49 +0000

Wayne - it’s fine. You just ned to keep the tax people happy. Read up on tax returns online …

By: wayne griffiths

wayne griffiths — Sun, 09 Jan 2011 10:02:02 +0000

i currently work fulltime and am thinking about starting up on my own inbetween shifts and at weekends,and keep the fulltime job too, is this a minefield or pretty easy to keep the legal people happy?

By: malcolmcoles

malcolmcoles — Mon, 07 Jun 2010 12:17:56 +0000

SMT: Well, it sort of depends on all the things mentioned above. There’s no simple answer …

By: SMT

SMT — Sun, 06 Jun 2010 17:22:18 +0000

Hi,
I am soon be setting a company up doing Botox and Dermal Fillers. I will be doing this mobile in peoples homes, also days in salons.
Please can anyone advise if i should be a sole trader or Ltd Company?
Any advice would be greatly appreciated.
Thank you.

By: malcolmcoles

malcolmcoles — Wed, 26 May 2010 21:25:31 +0000

Kevin - it depends on your contract with them. Unless it’s specific that you’re not an employee, they’re probably obliged to treat you as one and put you through the PAYE system. I’d talk to an accountant.

By: kevin

kevin — Wed, 26 May 2010 19:37:10 +0000

hi
i,ve recently started up as a sole trader and have just took on some sub contracting work now the company im subing for is asking me for my UTR number to pay my tax but i thought i was supose to pay my own tax please help me as i think there just trying to pay me less

thanks

By: malcolmcoles

malcolmcoles — Thu, 29 Apr 2010 11:03:57 +0000

Noodle: Not sure to be honest. I think you probably have to put your name, rather than the trading name (as it’s you who are making the contract - the trading name is just that - a name).

By: noodle

noodle — Wed, 28 Apr 2010 05:46:16 +0000

I am a sole trader t/a example.co.uk, I have a purchase agreement drawn up. At the bottom of the agreement I have the usual stuff you need to put as a sole trader - myname t/a example.co.uk address etc. The question is can i make the contract between my t/a name and the other party or do i have to make the contract between my real name and the other party? The reason I ask is because you are the legal entity not the t/a name.

Also when you write your t/a details is it legal if you use your initial and surname as opposed to full name?

Thanks in advance.

By: malcolmcoles

malcolmcoles — Mon, 29 Mar 2010 08:26:51 +0000

@ColinM: You (as you ie as a sole trader) and the limited company are separate businesses. So you’re free to trade as either or both. However, you can’t make out you’re one if you’re actually being the other - they’re are pros and cons to both types of business and people you have a contract with have a right to know the status of the business.
So, no, you can’t say it’s on behalf of the limited company if you’re trading as yourself, I’m afraid.

By: ColinM

ColinM — Sun, 28 Mar 2010 19:50:43 +0000

Hello there. I have a Ltd company setup for convenience or ‘insurance’ really, but is dormant and has been since setup in 2008. I am still employed but have a couple of small contracts I will be doing over the next month or so. I dont think I want to trade under the Ltd company as I dont know what contracts I will have (or want to have). Can I trade as a sole trader for these contracts, and if so, can I use a name similar to that registered with company house eg: colin on behalf of company Ltd.
Thank-you.