New Business Start up question
Quite new here so I hope you can help me.
I am looking to start a web design business. I have some associates over-seas who are web designers.
I wish to market and sell their services to web design companies in the UK and also from a small company I form.
I already have a full time job here in the UK, therefore paying tax, NI etc.
I want to start as a sole trader, maybe even a partnership (this is still in discussion).
I highly doubt I will be meeting the VAT threshold, for the first year anyway. I am aware that I need to pay tax etc, but how would this work considering im already working full time?
I have never owned/started a company before.
What would my steps need to be to put this in place?
Register as sole trader? (if so do I still need to register business name?)
Open business bank account?
How would I pay taxes etc, how much would I pay? - this is the part which confuses me the most.
In other words, can you provide me with step by step instructions on what I need to do legally to start trading?
I look forward to hearing from you.
Kind regards, and thank you in advance for your advice,
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