Getting Started
What insurances do I require?
Professional Indemnity Insurance Professional indemnity insurance protects you against your legal liability for losses suffered by your customers as a result of your negligent advice. It is legally required in certain professions, such as law, ...
Other Insurances to consider
Public liability/indemnity insurance You are legally required to have business insurance to cover you and your customers risk in the event of being sued for damages. Tax investigation protection If you are unlucky enough to be investigated, the right ...
Running another business or hobby through your company
In principle another business or "hobby" business can be run through the company, although if it is more of a hobby than a business, care will need to be taken to show that it is being run on a commercial basis. For this reason "sponsorship" schemes, ...
Limited Company vs Sole Trader or Partnership vs Limited Liability Partnership
COMPARISON OF LIMITED COMPANY, SOLE TRADER OR PARTNERSHIP AND LIMITED LIABILITY PARTNERSHIP Limited Company Sole Trader / Partnerships Limited Liability Partnerships A limited company is a separate legal entity. No distinction between you and your ...