London Front End Freelancing
London Front End Freelancing
Out of context: Reply #8
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- maikel0
an LTD usually works better with corporate clients who will deduct VAT from your invoices, whereas individuals (let's say a band, or even a small shop may not be able to.
as a general rule you are better off starting as sole trader until your turnover is more than 40K - after that, an LTD will make more sense as it's a little more tax-efficient.
another way is starting an ltd, putting together a business plan and visiting a bank to get some money lent at business rates to kick off the business.
a personal recommendation: make sure you don't get mistaken and you keep a clear line between your company's finances and your personal ones. If you mix this up, there are high chances of fucking things up.