You must put your business name on all marketing materials, websites, and social media accounts. You can operate under your own name or use a trading name as a sole trader. A trading name is a business name different from your personal name. You’ll need to register a trading name with...
Here’s a simple step-by-step process of creating a sole trader invoice: Open a blank word processing document Create an invoice heading. Type your name (or business name) and contact information and align it to the right of the page Enter the client’s name and address underneath the hea...
Business name - it cannot include ‘limited, LTD, limited liability partnership, LLC, public limited company, PLC’ and mustn’t be the same as existing trademarks. National insurance (NI) number - if you’ll be moving to the UK to set up your business and don’t currently have a NI ...
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“For example, if you own and run a café as a sole trader, and the business goes bust, the lease for the property would be in your name, potentially for many years and you’d be personally liable for paying it,” he says. “If it was a limited company, the lease would go into...
Learn how to register as a self-employed business owner and take care of all the legal and tax preparation required to run a small business. Read more.
If you choose to become a sole trader, you're allowed to operate your business under your name, but you can have anything you like. However, there are some legal aspects to remember: Your business name must not be offensive; include any of the terms for a public limited company (PLC) ...
As a sole trader, you should operate a business account and a personal account when it comes to banking. Here, you’ll be able to spend from your business account when you’re spending money on your job – to update equipment, to feed yourself on the job, or to cover transport costs ...
Add your business details.Include your business name, address and contact information at the top of the invoice. Include the invoice number and date.Give yourinvoice a numberand add the date the invoice is issued. Giving your invoice a number makes it easy to keep track of your cash flow....
You will be taxed on any profits you make each year via the self-assessment process, however, there may be other taxes you will have to pay during the course of running your business. If your turnover is expected to reach £85,000 or more in a 12 month period, or if you expect ...