richimgd
Member
Hi everyone,
I have a few questions about becoming a sole trader, I'm sure some of you on here have done this before.
• Business Account - In my name or a custom 'business' name? Can this be changed later?
• Is being a sole trader permanent for any length of time or can I change my status back easily?
• Is there any ongoing costs associated with being a sole trader – how much do business accounts normally cost? I know often I see 'free business banking for 2 years' but was wondering what the regular price was for a typical business account.
• How much would a basic accountant cost to begin with? If I would even need one? Hours per month can vary from 0 to 50+. Often I will have no work on at all, but other times I will have a steady stream of work.
• Is business insurance / personal liability insurance required for working from home?
Cheers
I have a few questions about becoming a sole trader, I'm sure some of you on here have done this before.
• Business Account - In my name or a custom 'business' name? Can this be changed later?
• Is being a sole trader permanent for any length of time or can I change my status back easily?
• Is there any ongoing costs associated with being a sole trader – how much do business accounts normally cost? I know often I see 'free business banking for 2 years' but was wondering what the regular price was for a typical business account.
• How much would a basic accountant cost to begin with? If I would even need one? Hours per month can vary from 0 to 50+. Often I will have no work on at all, but other times I will have a steady stream of work.
• Is business insurance / personal liability insurance required for working from home?
Cheers