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Set up and register as self-employed

Introduction

Setting up as a self-employed sole trader is the simplest and quickest way to start a business. There isn't much paperwork to do. There are no registration fees to pay, but you must register as self-employed. Record keeping and accounting is straightforward, and there are the benefits of being your own boss.

This guide explains the consequences of, and the legal requirements for, setting up as a sole trader. You will also find out how to meet your responsibilities for paying your own tax and National Insurance. Finally, our checklist will help you make sure that you have put your business on a proper legal footing.

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Set up and register as self-employed

 

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Introduction

 

Before you start

 

Tax matters

 

Self-employment status

 

Checklist: setting up as self-employed