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Setting up as sole trader
HappyDale
Posts: 43 Forumite
Hello, is it possible to set up as a sole trader were the new business is duel purpose? I have 2 ideas that i want to start up in.
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Yup, sure is.
Dual pupose? Do you intend to trade as one or two businesses?
Just make sure you register with HMRC within 3 months of starting up.
www.hmrc.gov.uk then click on link for employers located on the first/home page
Details everything you need to know
Young At Heart and Ever The Optimist: "You can't sell ice to Eskimo."
Waste Not, Want Not. - Reduce. Reuse. Recycle.0 -
No such thing as 3 months anymore.
Remember you don't register the business, you register YOURSELF.Estate Agent, Web Designer & All Round Geek!0 -
Thanks for the replies. I intend to set up an handyman business and hopefully a website/ maybe market shall business. Is it ok to do this? I mean with regards claiming allowances etc?Thanks again.0
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Changed since i set mine up then.
Expanded... As a sole trader you just need to register as for self-assessment.
If you were interested you could register your business with Business Link - many useful helpsheets available (all for FREE!)
I still have my original Government Gateway Card you know Young At Heart and Ever The Optimist: "You can't sell ice to Eskimo."
Waste Not, Want Not. - Reduce. Reuse. Recycle.0 -
Easy, you just declare your income and expenditure on the SA Form.Young At Heart and Ever The Optimist: "You can't sell ice to Eskimo."
Waste Not, Want Not. - Reduce. Reuse. Recycle.0 -
Thanks for the replies. I intend to set up an handyman business and hopefully a website/ maybe market shall business. Is it ok to do this? I mean with regards claiming allowances etc?Thanks again.
As long as you are not thinking you get separate tax allowances for each enterprise. You only get one.
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Businesslink.If you were interested you could register your business with Business Link - many useful helpsheets available (all for FREE!)Signature removed for peace of mind0 -
Hello, is it possible to set up as a sole trader were the new business is duel purpose? I have 2 ideas that i want to start up in.
Yes you can
i do exactly the same. I run a webhosting business and a marketstall, both businesses have different names, but are classed as part of ***** which i use for my business bank account , VAT etc.0 -
Yes you can
i do exactly the same. I run a webhosting business and a marketstall, both businesses have different names, but are classed as part of ***** which i use for my business bank account , VAT etc.
:j Thank you, i am also planning on a market stall/online business and also a handyman service.0
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