Vanessa
Member
Hi there, I’m looking for some advice about setting myself up as a freelance graphic designer…
I’m a little stumped about whether to become a sole trader, or a limited company – I’m not planning on creating a company anywhere down the line, it will just be me freelancing on the side of other full or part time work, so the LTD route seems a bit much. However I am very risk-averse so am worried that by being a sole trader I could risk losing a lot if something awful happens!
I’m interested to know how other designers are set up and what works for you?
I have looked into personal indemnity insurance if I were to go down the sole trader route, so should be covered if I do ‘get into trouble’ – from other sole traders’ perspectives, how do you protect yourself / personal assets?
What’s putting me off the LTD company is all the paperwork and complex ‘business stuff’ as
I have never managed a business before and what I have researched seems quite full on, so if anyone has gone down this route, any tips on how to make this as simple and painless as possible?
I realise this is probably a lot to ask on a forum, so if anyone has any suggestions of good advice routes for designers, or contacts I can try instead, that would be really helpful!
Thanks, any help greatly appreciated.
I’m a little stumped about whether to become a sole trader, or a limited company – I’m not planning on creating a company anywhere down the line, it will just be me freelancing on the side of other full or part time work, so the LTD route seems a bit much. However I am very risk-averse so am worried that by being a sole trader I could risk losing a lot if something awful happens!
I’m interested to know how other designers are set up and what works for you?
I have looked into personal indemnity insurance if I were to go down the sole trader route, so should be covered if I do ‘get into trouble’ – from other sole traders’ perspectives, how do you protect yourself / personal assets?
What’s putting me off the LTD company is all the paperwork and complex ‘business stuff’ as
I have never managed a business before and what I have researched seems quite full on, so if anyone has gone down this route, any tips on how to make this as simple and painless as possible?
I realise this is probably a lot to ask on a forum, so if anyone has any suggestions of good advice routes for designers, or contacts I can try instead, that would be really helpful!
Thanks, any help greatly appreciated.