How Do You Go About Trading?

Initial options typically available:

Self employment

This is the easiest and least regulated way to operate and this would require you to:

• Set up a trading as (the name of the business) bank account
• Contact HM Revenue & Customs and advise of your self employment status
• Complete a CWF1 form relating to the above
• Consider the structure of your new business and then determine the strategy for income and expenditure over the year.

Limited company

Please click here to return to www.Accountants4contractors.com which may better explain your needs in this area