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If two or more people wish to go into business together, and don’t wish to go down the limited company route, a partnership offers a simple way to get started; it is similar in many ways to going the sole trader route for an individual.
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With hundreds of thousands of new start-ups being launched each year a leading accountancy body says that potential entrepreneurs should be aware of all the facts before becoming self employed.
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There are around 2.8 million sole traders in the UK. It is the most popular, and simplest, way of setting up in business. In this guide, we take a look at the key things you need to know about becoming a sole trader, and whether it is the right business structure for you.
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Before deciding to become self-employed, it’s a good idea to think through the implications of working for yourself…
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Becoming a sole trader is the simplest way to get your new business off the ground.
Once you have told HMRC that you intention to become self employed, you can start trading immediately (subject to any industry-specific licences you might need).
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The simplest way to start a business is to set up as a sole trader. There is minimal paperwork to take care of, and you don’t have to pay any formation costs.
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In this article, we look at the business banking options you have, depending on whether you are a sole trader (self employed), or operating via a limited company.
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One of the main benefits of becoming self employed is the ease with which you can start up and run your new business.
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Many small businesses are partnerships. Yet circumstances and ambitions change, partners fall out or die. Without a good partnership agreement things can get acrimonious. Here’s how to protect yourself from the start.
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