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• 05.20.09
  Choosing a business or company name Set up and register the business | (1)

  Getting your business or company name right is important - it gives people a first impression of your company, and you might print it on stationery, business cards, a plaque for your office and even the company van if you have one. So you don't want to change your mind later. You don't NEED a business name if you're a sole trader or partnership - you can just trade under your own name. If you choose a business name, there are rules to follow when choosing one. And if you're a limited company, there are even more rules when choosing a name ...

  Tagged: business name, limited company, partnership, sole trader
  
• 05.12.09
  Company vs partnership vs sole trader Company, partnership or sole trader | (5)

  There are several ways you can set up the actual company. Here are the pros and cons of each - with links to more detailed information. Which one you choose will dictate what sort of records you have to keep and submit, your liability for the business's debts, and how you manage tax. Company: pros and cons Read more about starting up as a limited company. The pros Your liability is limited to whatever money you've put into the business. You may be treated more seriously as a business, although this will depend on your area of business (most people won't care if their window cleaner ...

  Tagged: company, partnership, sole trader
  
• 05.12.09
  Self employment explained Set up and register the business | (0)

  If you want to trade as a sole trader (or a member of a partnership as an individual), you need to register as self-employed with Her Majesty's Revenue & Customs (HMRC). How and when to register You should do this straight away, or you risk a penalty. There are three ways to register: a form, online or by phone. Pros and cons of self employment Advantages of self employment Self-employment is the easiest way to start a business - there are far fewer reporting requirements for a sole trader than a limited company, for instance. And accounting is much easier (and hence bills for accountants are ...

  Tagged: partnership, self employment, sole trader