Sole trader, multiple income strands?

[Wicky]

I'm a graphic design sole trader. Until now I've promoted myself as a service provider, but I want to move away from services towards digital products. I have multiple ideas which would all need to be marketed in different ways, with different websites.

I know as a Limited Company I can use sub-branded names, eg. My Company Ltd trading as XYZ & Co.

As a sole trader can I do similar? Can I have a bank account eg. My Digital Services, that accepts payment from various, unrelated online projects?

Are there any accounting (or legal) issues with doing this? Or, is a Limited Company a pre-requisite?

 

[Scalloway]

As a sole trader you can have as many income streams as you can cope with. You just need to keep separate records for each so that you can complete a set of self employed pages in your self assessment for each income stream.

 

[MyAccountantOnline]

A sole trader can certainly have various trading names.

Generally you'd just need to notify your bank. I've never seen it create a problem.

It doesnt create any specific accounting issues.