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Starting a company during Covid-19
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JulesVerve
Posts: 2 Newbie

Hi All
Wondering if anyone has recently launched a new business during Covid-19 and where you've drawn support, info and guidance from? I've naturally looked at HMRC/Gov websites and companies house but looking for opinions based on actual experience as well.
I've been freelance for some time but now have a few new clients looking to work with established companies rather than sole traders.
Thanks in advance!
Wondering if anyone has recently launched a new business during Covid-19 and where you've drawn support, info and guidance from? I've naturally looked at HMRC/Gov websites and companies house but looking for opinions based on actual experience as well.
I've been freelance for some time but now have a few new clients looking to work with established companies rather than sole traders.
Thanks in advance!
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Comments
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JulesVerve said:Hi All
Wondering if anyone has recently launched a new business during Covid-19 and where you've drawn support, info and guidance from? I've naturally looked at HMRC/Gov websites and companies house but looking for opinions based on actual experience as well.
I've been freelance for some time but now have a few new clients looking to work with established companies rather than sole traders.
Thanks in advance!
The places you have been looking will typically inform you on how to create a new company.
On the other hand, you appear to have been in business, albeit as a sole trader, for some time, so I'm not sure what advice you need in that regards.
I am sorry to hear that your new potential clients are wishing to only buy from established companies.
Have you considered contacting those established companies that are currently competing against you with a view to joining them, especially if you can offer to bring those new clients with you to them?
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What industry sector is the OP in and what type of work does the OP do on what basis?1
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Grumpy_chap said:What industry sector is the OP in and what type of work does the OP do on what basis?0
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I think the desire for companies to only deal with companies is quite common. Setting up a Ltd Co is very easy to do and has further advantages (but also disadvantages) compared to being a sole trader. If you have Clients willing to award contracts to your Ltd Co but not to you as sole trader, that is then a strong deciding factor how to proceed. An Accountant is probably best placed to give you advice on your business structure.1
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Grumpy_chap said:I think the desire for companies to only deal with companies is quite common. Setting up a Ltd Co is very easy to do and has further advantages (but also disadvantages) compared to being a sole trader. If you have Clients willing to award contracts to your Ltd Co but not to you as sole trader, that is then a strong deciding factor how to proceed. An Accountant is probably best placed to give you advice on your business structure.JulesVerve said:....
I've been freelance for some time but now have a few new clients looking to work with established companies rather than sole traders.
Thanks in advance!
So that is why I didn't suggest to the OP to start a new limited company.
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