self employed as extra earnings???

PlutoinCapricorn

It seems that you have got it all worked out and are going to go ahead. I do hope that you get the income that you hope for.

You can pay your NI Class 2 contributions via Direct Debit by the way.

You may find www.businesslink.gov.uk has some helpful information.

Best wishes.

Jacka87

Thanks for the link, I will also maybe try and speak to some of the government agencies that are relevent to gain some other info, maybe even the likes of Scottish Enterprixe as I am up in Scotland.

Jacka87

Ok had a little chat with my father last night, the currwent owner of the business & I am now thinking that it may be best to go partners on a section of the business. To give you an idea, the business is mostly retail, but has a little wholesale section. However it is now looking at setting up an online retail section.

I was considering running the online retail section and as a result would be looking at a 50-50 split on the profits with my dad. Its running under his name but I would be doing all the work. So he would essentially be a silent partner. However would it have to be part of his whole business or could it be a seperate company?

If it was part of his business would I need to be a partner in the whole company, if it was a seperate 'sister' company then I could just be involved through the online business?

Also does a partnership work like a sole trader only with the profits being split and each partner paying tax on there half?

Thanks again in advance