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  • FIRST POST
    • graphicdesign1
    • By graphicdesign1 13th Oct 16, 12:50 PM
    • 9Posts
    • 15Thanks
    graphicdesign1
    Setting Up
    • #1
    • 13th Oct 16, 12:50 PM
    Setting Up 13th Oct 16 at 12:50 PM
    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.
Page 1
    • Lafuma
    • By Lafuma 13th Oct 16, 7:11 PM
    • 20 Posts
    • 7 Thanks
    Lafuma
    • #2
    • 13th Oct 16, 7:11 PM
    • #2
    • 13th Oct 16, 7:11 PM
    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.
    Originally posted by graphicdesign1
    Whether or not to set up a limited co is not based on any information you have provided here.

    Speak to an accountant for some good, proper advice on the matter
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