Setting Up

graphicdesign1 wrote: »

Hi and apologies if similar has been posted before but just looking for some advice on getting set up properly to make things easier accounts wise in the long term.

I have dabbled in some small time bit on the side things in the past and registered as self employed, completing a self assessment each year.

However, I am now looking to set up my own graphic design business.

As well as doing the graphic design I want to run some other things as well so am wondering what's the best approach to do this. Do I just continue being self employed and in my return list it as:

business1 p/l
business2 p/l
business3 p/l

Or do I set up as a LTD company and file everything under the LTD company name without breaking it down?

I am not expecting to be making money over the VAT threshold or anything like that, it will mainly all be online for now.

Hope this makes sense, and appreciate any advice/pointers.

Thanks in advance.