How to register as self employed with HMRC – the key steps
Once you decide to become self employed, you can start trading right away. Here we explain how to register your new business with HMRC.
Which is best? – sole trader, limited company, partnership or LLP?
In this article, we examine the different trading structures used by small businesses—sole trader, limited company, partnership, and LLP
Limited company or sole trader – which is best for me?
One of the first tasks you will have when starting up your business will be to decide whether to set up a new limited company, or become self-employed.
Getting a mortgage as a sole trader vs. limited company owner
If you work for yourself and want to buy a property, you'll have to prove your income to your lender. We look at how the mortgage application process works for both sole traders and limited company owners.
What business expenses can you claim as a sole trader?
As a sole trader, you can deduct many business costs from your income and pay less tax. But what counts as a legitimate business expense? And how do you claim?
7 key advantages to working as a sole trader
To help you make the right choice when deciding how to set up your new business, here are 7 key advantages of working as a sole trader
How to avoid problems with partnerships
Many small businesses are partnerships. Yet circumstances and ambitions change, and partners fall out or die. Without a good partnership agreement, things can get acrimonious. Here’s how to protect yourself…
How to set up in business as a sole trader
If you’re new to self-employment, setting up as a sole trader is the easiest way to go. The registration process is simple, there’s almost no paperwork involved, and you don’t have to pay any registration fees.
Self-employment: is it right for you?
Before deciding to become self-employed, it’s a good idea to consider the implications of working for yourself. This guide will show you: The pros and cons of self-employment The personal…
What are the pros and cons of doing business as a sole trader?
Alongside big upsides, being a sole trader also has downsides. So, depending on your goals and the nature of your business, a different structure might be a better choice.