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Starting a business
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willwilts
Posts: 10 Forumite
Hi all,
I am looking to start an it repair business in my local area and have a friend who runs a local print shop who is willing to refer to me.
My question is how do i go about registering my business (Sole trader) and what do I need to do RE tax (I work full time).
Also do i HAVE to have a business bank account whilst I'm starting out? (as it might not get anywhere)
thanks in advance
W
I am looking to start an it repair business in my local area and have a friend who runs a local print shop who is willing to refer to me.
My question is how do i go about registering my business (Sole trader) and what do I need to do RE tax (I work full time).
Also do i HAVE to have a business bank account whilst I'm starting out? (as it might not get anywhere)
thanks in advance
W
0
Comments
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Go and talk to an accountant, I did six years ago, helped a lot and saved me a lot too.
Many will give you a first chat free.0 -
Have you read through this and similar threads on MSE?
https://forums.moneysavingexpert.com/discussion/701077
Also look at https://www.businesslink.gov.uk
You register as a sole trader with HMRC once you have some real work, not in advance in the hope that you will get some.
You do not need a business account if you trade under your own name: you can pay in a bit extra under the radar if it is not cash and there are not too many payments.Who having known the diamond will concern himself with glass?
Rudyard Kipling0 -
Small Business Board good place to discuss this sort of thing.
http://forums.moneysavingexpert.com/...splay.php?f=270
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