Set up as self-employed (a ‘sole trader’): step by step

Natalie Sieberichs Uncategorized

Full article with thanks to https://www.gov.uk/set-up-self-employed What you need to do when you start working for yourself, either as your only job or at the same time as working for an employer. Step1: Check what being self-employed means There are other ways to work for yourself. Check if you should set up as one of the following instead: a limited company a partner in a business partnership Get help deciding how to set up your business Get help starting your own business if you’re on benefits Step2: Check the rules for sole trader business names You can register a trade mark if you want to stop people from trading under your business name. Step3: Find out what business records you need to keep Step4: To pay tax, you’ll need to register for Self Assessment. Apply for a National Insurance number if you do not have one Register for Self Assessment …