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Starting your own business is a very exciting time; bringing your business idea to life, directing your own destiny and making your own decisions as your own boss.
With so much going on, it is understandable that cementing basic legal structures may not be high on your priority list. However, starting up any business comes with its own risk. So ensuring that you have some basic legal structures in place from day one is important.
Why choose to start-up your business as a Sole Trader? There are many advantages to this such as becoming your own boss and having full control of your business, simpler accounting with just the need to submit a Self-Assessment Tax Return, tax savings can be made when purchasing for the business as a Sole Trader and you retain all the profits from the business for yourself.
As a Sole Trader you may not think legal paperwork is vital, however, without appropriate and legally enforceable terms and conditions, collecting money from your customers promptly will be more difficult. You might also need to employ staff, in which case a watertight and legally compliant contract of employment is essential before they start.
The Sole Trader package includes:
- Standard terms and conditions
- A basic employment contract
If you feel your needs are more complex than this standard package, we would be happy to provide you with a tailored package of documentation and advice, please get in touch to find out more.
To find out more about this Sole Trader package please get in contact.