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 self employment registration
• Consider the structure of your new business and then determine the strategy for income and expenditure over the year.

Limited company

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