register sole trader or self employed?
I am looking to start working for myself, renting out a small office space and sell printed garments (hats, cloathing, etc). the earnings won't be much, less than £15,000 a year. will I be able to trade as self employed or do i have to register as limited. the other thing i wanted to know is whether you need a particular licence to trade, I know certain trades require legal authorisation before they start practice, I was wondering how much paperwork there is in my type of business.
thank you for helping.
sorry, i only realised after posting, i meant "sole trader or limited"
Last edited by CIulian; 15th April 2012 at 14:40.