Tags » Sole Trader

As a sole trader or an entrepreneur, how should you structure your business?

After the excitement of generating a business idea and preparing a business plan, you may be considering which business structure to use for your business. There is the question of whether to incorporate the business as a company or remain as a sole trader under your personal name. 537 more words


What legal structure should my business be?

This is a question we are asked quite often in our advice surgery and the simple answer is it’s a personal decision. We can advise on the differences and benefits of each structure but the final decision is down to the individual. 529 more words


Income Records

One of the most important areas to keep track of in your business (for yourself as well as the tax man!) is your income. You need to know what you are earning so that you can work out how well you are doing, how much money you can take out of your business and whether you are doing better or worse than before – plus loads of other reasons. 403 more words

Bank Account

Wow what a week! I'm now a business premises owner!

Our wedding anniversary whistled by and was kinda encompassed by some much bigger news, which has meant I have not been on the blog as much as normal: I am a business premises owner!  256 more words


Get started!

Firstly congratulations! You have an idea/product/service and you want to make a business out of it! Now it is time to get started. From the outset you need to ensure that you choose the right legal structure to help enhance your business. 825 more words


Sole Trader versus Limited Company - explained.

You’ve made the brave decision to go ahead with your business idea and work for yourself. This is great news. It also means your to-do list is endless.   764 more words

Small Business