Becoming self-employed – TheCompanyWarehouse.Co.Uk

Becoming Self Employed

Over the years, many people have given thought to becoming self employed, usually for a variety of reasons, perhaps they are fed up in their current job and aspire for more or suddenly find themselves out of work and wish to put a talent to use by starting their own business rather than looking for another job. Whatever the reason, there’s a lot of things to think about when considering self employment as an option.

The Options When Becoming Self Employed

If you are thinking about becoming self employed then you have probably considered being a sole trader, as the option for you. There are other options available though. Take a look at our brief blog article on the legal structures of business and consider whether sole trader or limited company are the best option for you! Whatever you decide The Company Warehouse is here to help with a large range of business start up services aimed that those wishing to start their own enterprise.

If you are becoming self employed and wish to run a business for specific reasons then you might well believe that setting up a limited company is not the best option. We offer business formation services in a number of areas including but not limited to:

Registering As Self Employed

If you decide that sole trader is the best option for you then you will need to register as self-employed with HMRC among other things. You will be expected to complete yearly self assessments and pay your own tax and NI. Becoming self employed by setting up a partnership has much the same effect, as each partner will be required to register as self employed and submit a self assessment.

The Business Name

Becoming self employed and running your own business you will have to ensure that your business name is not the same as a business or company already operating. If you do not intend to start a limited company then you lose out on the protection offered to a company name when registering with Companies House. You can however, take advantage of our non-trading service and reserve a company name, protecting it from use by others. This is a low cost service and easy and simple to carry out. Contact one of our business consultants on 0800 0828 727 for more advice.

Becoming self employed, you may wish to protect your business name, logo, slogan by carrying out a trade mark registration. This will ensure protection from use by other people in the market and allow you to stake a proper claim on your new name.

Becoming Self Employed – The Business Design

Part of any business is getting your name recognised and remembered. To be easily remember, you will need a business name, a related logo and more to go on your business cards, letter heads, compliments slips and website. Our professional and experienced graphics design team have helped thousands of self employed businessmen with the creation of a corporate identity or the professional design of a logo. For a low cost, we can provide professional designed logos and more, all designed to your specifications within a matter of days. Take a look at our logo design page to see what we can do for your new business!

Registering For VAT

Becoming self employed and running a business that turns into a success might mean that you will end up needing to register for VAT. If your business is destined to have a turnover of over £68,000 then it is a legal requirement that you register for VAT with the HMRC. The process can be complicated but our service cuts down on the hassle. Using us there are no complex forms to fill out, simply register online and apply today. The registration process is fast and easy and it’s even 100% tax deductible.