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#728334 - 26th Sep 2012 10:27pm Need Help with starting a business up
neilmcc Offline

Smartchild

Registered: 12th Aug 2005
Posts: 507
Loc: moreton
My partner has gone on her own cleaning as the company she worked for didn't have enough hours so she has got clients herself now and insurance but how does she go about setting the business up legally

Cheers neil

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#728348 - 26th Sep 2012 11:06pm Re: Need Help with starting a business up [Re: neilmcc]
Brown_Horrocks Offline
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Registered: 6th Sep 2011
Posts: 149
Loc: Wallasey
Depends how she wants to configure the business, she could start as a sole trader in which case she would need to register as self employed and pay the appropriate national insurance rate, or she could set up a a limited company which would need to be registered at companies house.

I would guess that initially it would be less aggravation to start as a sole trader, (it is easier to convert from sole trader to Ltd company at a later date than the other way round)

Either way, it would be a good idea to consult an accountant just to make sure all the options are properly explianed.

I am a bit surprised that she has managed to arrange insurance without declaring the status of the company to the insurer.

Hope that helps

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#728349 - 26th Sep 2012 11:08pm Re: Need Help with starting a business up [Re: neilmcc]
neilmcc Offline

Smartchild

Registered: 12th Aug 2005
Posts: 507
Loc: moreton
Insurance is in quote stage as sole trader just waiting for the rest to be sorted before buying the insurance

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#728390 - 27th Sep 2012 8:02am Re: Need Help with starting a business up [Re: neilmcc]
delta6 Offline
Smartchild

Registered: 24th Apr 2009
Posts: 498
Loc: Moreton
neil, give me a shout re accountant.
i'll put you in touch with the one your dad uses.
lee

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#728583 - 27th Sep 2012 5:42pm Re: Need Help with starting a business up [Re: neilmcc]
rossie Offline
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Registered: 7th Oct 2011
Posts: 267
Loc: moreton
Accountants (I know because I am one)cost money and if it is just a few cleaning jobs go on to hmrc web site and register as self employed all the instructions are there.
You can get free start up advice from Wirral Biz.
If there is any proposal to employ staff form a ltd company it is easy on line and costs about 40. An accountant will charge min of 100.
Normally I would advise anybody starting in business to see an accountant but I suspect that your funds are limited and if things don't work out you have lost your money. Having said that many accountants give a free initial consultation but they would expect to be paid to fill in the forms that you can do yourself.

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#728739 - 28th Sep 2012 12:21pm Re: Need Help with starting a business up [Re: neilmcc]
Happy Birthday Mark Online   Reading


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Ring up Wirral Bizz
Its a great FREE course for going into business.

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