Want to start a side hustle but not sure if you can work for a company and be self-employed? Here’s what you need to know. Can You Work For A Company And Be Self-Employed? 6 min read Beginner's Guide Table of Contents Categories Can you be employed and self-employed? How it works in practice Employment contract considerations HMRC perspective Time management and workload balance Tax and legal responsibilities Benefits and drawbacks of working for a company and being self-employed Tips for managing both successfully Can I own my own limited company and be employed? How much income tax will I pay? Ready to start your side hustle? Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office Can You Work For A Company And Be Self-Employed? The way we work is changing. Side hustles, freelance work and small businesses are becoming increasingly common, with more people looking for ways to earn additional income alongside their main job. In fact, Finder's 2026 research found that 46% of UK adults have a side hustle, with average side-hustle income of £201 a week. So, if you've got a business idea you'd like to explore while keeping your regular job, you might be wondering: can you actually be employed by a company and be self-employed at the same time? The short answer is yes. Can you be employed and self-employed? Yes — in most cases, you can be employed by a company while also running your own business. HMRC recognises that someone can be both employed and self-employed at the same time. For example, you could work for an employer during the day and run your own business in the evenings. However, there are some important caveats. You'll need to check your employment contract, understand your tax responsibilities and make sure your business doesn't create a conflict of interest with your employer. In other words, having a side business is generally fine — but you still need to follow the rules. How it works in practice Employment contract considerations Before launching your side hustle, read your employment contract. Look for clauses covering: Exclusivity or restrictions on taking other work. Non-compete clauses. Confidentiality. Conflicts of interest. Ownership of intellectual property. Restrictions on working with competitors or clients. Your employer may have specific rules about outside work, particularly if your side business operates in the same industry. Even if your employer doesn't prohibit outside work, you should make sure your business doesn't interfere with your employment responsibilities. If you're unsure about a contractual restriction, getting professional legal advice is a sensible step. HMRC perspective From HMRC's perspective, you can be both PAYE employed and self-employed. Your employer normally handles PAYE deductions from your salary. If you run a self-employed business, you'll generally need to report your self-employed income through Self Assessment when required. The two sources of income don't become one job. However, they can affect your overall tax position because your taxable income is considered when working out how much Income Tax you owe. You'll also need to keep accurate records of your business income and allowable expenses. Time management and workload balance This is one of the biggest challenges of having a job and a side business. Your evenings and weekends can disappear surprisingly quickly when you're answering customer messages, completing orders, doing your bookkeeping and trying to market your business. Set realistic working hours for your side business and protect time for rest. A simple weekly schedule can help you decide when you'll work on sales, administration and client work rather than trying to squeeze everything in whenever you have a spare moment. Most importantly, don't build a side business around the assumption that you'll have unlimited energy. Tax and legal responsibilities Your employment income and self-employed income are treated differently for administrative purposes. Your employer normally deducts Income Tax and employee National Insurance from your employment income through PAYE. Your self-employed income is generally dealt with through Self Assessment if you need to file a return. For the 2026/27 tax year, the standard Personal Allowance is £12,570. For taxpayers in England, Wales and Northern Ireland, the basic Income Tax rate is 20% on taxable income up to £37,700 above the Personal Allowance, followed by 40% and 45% higher bands. Scotland has different Income Tax bands. National Insurance can also apply. For 2026/27, self-employed people generally pay Class 4 National Insurance at 6% on profits over £12,570 up to £50,270, and 2% on profits above £50,270. Your employer separately deducts Class 1 National Insurance from your employment income where applicable. The important thing is not to assume that your employer's PAYE deductions cover the tax on your side business. Keep accurate records and set money aside towards your Self Assessment bill. Benefits and drawbacks of working for a company and being self-employed There can be some real advantages to having both forms of income. Benefits Security of a regular income: Your employment provides a predictable source of income while you build your business. Lower financial risk: You can test your business idea without immediately giving up your salary. Flexibility: You can choose when and how you develop your own business, within the limits of your employment contract. Opportunity to grow: A side hustle can eventually become a full-time business if demand develops. New skills and experience: Running a business can help you develop skills in sales, marketing, finance and customer service. Drawbacks More administration: You'll have another set of records, expenses and tax responsibilities to manage. Contractual restrictions: Your employment contract may limit the type of outside work you can undertake. Potential conflicts of interest: Running a business that competes with your employer can create serious problems. Less free time: You're effectively managing two workloads. Risk of burnout: It can be difficult to maintain your performance at work while growing a business outside working hours. For many people, the benefits make the extra effort worthwhile. But it's important to be realistic about what you can manage. Tips for managing both successfully 1. Read your employment contract first Don't wait until your side business is established to discover that your contract restricts outside work. Check the relevant clauses before you start. 2. Communicate openly where appropriate Depending on your contract and circumstances, it may be sensible to tell your employer about your business. This isn't necessarily something to be worried about. Being transparent can help avoid misunderstandings, particularly if your business could overlap with your employer's interests. 3. Keep your finances separate Use separate banking and bookkeeping arrangements for your business where practical. This makes it much easier to see how your side business is performing and keep track of income and expenses for tax purposes. 4. Protect your time Decide how many hours you can realistically dedicate to your business each week. If you promise customers you'll be available every evening but you're already exhausted after a full working day, you're setting yourself up for problems. 5. Know when to get help You don't have to become an expert in everything. An accountant can help with tax and bookkeeping, while a solicitor can advise on employment contracts, intellectual property or other legal questions. Can I own my own limited company and be employed? Yes. You can be employed by a company while also owning and running your own limited company. In this situation, your employment remains separate from your company. Your employer pays you through its payroll, while your limited company has its own legal and financial responsibilities. You may also become a director of your limited company. If you pay yourself a salary from the company, PAYE and National Insurance rules can apply to that income. If you take dividends, different tax rules apply. It's worth getting professional advice if you're unsure how to structure the income you take from your company. If you're ready to make your side business official, SUAZ can help you form your company. Start your free company formation with SUAZ How much Income Tax will I pay? There's no single answer because it depends on your total taxable income, how much you earn from employment and self-employment, your allowable expenses and your circumstances. For example, imagine you earn £30,000 from employment and make £10,000 profit from self-employment. Your employment income has already used part of your Personal Allowance and basic-rate tax band, so the additional business profit can affect the amount of Income Tax you owe. If your employment income is already high enough to put you into the higher-rate band, additional self-employed profit may be taxed at 40% rather than 20%. This is why it's important to look at your total tax position rather than assuming your side-hustle income will simply be taxed at a flat rate. The 2026/27 Personal Allowance is £12,570, with the standard basic-rate band extending to £37,700 of taxable income for taxpayers in England, Wales and Northern Ireland. These are general examples, not personalised tax advice. If your circumstances are more complicated, speak to an accountant or tax adviser. Ready to start your side hustle? So, can you work for a company and be self-employed? Yes. For many people, combining employment with self-employment can be a great way to explore an idea, earn additional income and gradually build a business without immediately giving up the security of a regular salary. Just make sure you check your employment contract, understand your tax obligations, keep accurate records and be realistic about how much time you have available. And if your side hustle starts to become something bigger, you don't have to keep it informal forever. Ready to make things official? Form your company with SUAZ for free today and start turning your side business into a fully-fledged company. Form your company with SUAZ for free Recommended Readings

Access expert insights and guidance in Suez UK's Knowledge Base. Our articles cover a wide range of topics to help you enhance your business strategies. List of Our Knowledge Base Articles Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office 10 Legal Considerations When Starting a Business Understand the key legal aspects of starting a business, from business structure and registration to licences and employment laws. 5 Grants to Apply for When Starting a Business Starting a business involves paying set-up costs. Check out our top grants for starting a business and learn how to apply. A Guide to Finding a Dog-walking Business Name Discover the perfect dog walking business name with our suggestions and guide to creating a name. Stand out in the industry and attract clients effortlessly. A Guide to Starting a Cleaning Business in 2024 Starting a cleaning business is a great idea if it's in demand in your area. This guide will take you through the steps required and what you need. Read more. A Guide to Starting a Dog Walking Business in 2024 Want to succeed in the household pet industry? If you're wondering how to start a dog walking business, we've created a complete guide to get you started. A Guide to Starting a Gardening Business in 2024 Want to succeed in the gardening & landscaping industry? If you're wondering how to start a gardening business, we've created a guide to get you started. A Guide to Writing Contracts as a Freelancer Learn how to write effective freelance contracts with our comprehensive guide. Protect your work, negotiate terms, and ensure timely payments. Advantages & Disadvantages of Starting a Business Looking to break free from the 9-5? Becoming an entrepreneur can be life-changing, with the potential to secure financial independence and achieve your dream. Are dog walkers in demand? Find out where the most in-demand locations are to become a dog walker across the UK’s biggest cities and towns. Can You Start a UK Business While on Benefits? If you're choosing to start a business whilst on universal credit or some other benefit, it is important you understand the cost implications. Read more here. Can a Student Start a Business Whilst at University? Many students use their time at university to experiment and start a business as a way to gain income and experience (visa dependent of course) . Learn more. Companies House Fee Increases 2026 | Start Up A-Z Following price rises to incorporate a Limited company in May 2024, Companies House have announced further fee increases from the 1st of February 2026. Do I need an accountant as a limited company? While there’s no legal requirement to use an accountant for a limited company, find out how a qualified accountant can reduce tax fines and risk of liability. Frequently asked questions on freelancing Read the answers to frequently asked questions freelancers have as you start up your own business. Get insights and advice to help you navigate freelancing. How Long Does It Take to Set Up a Limited Company? Starting a business is exciting, and the process doesn't have to be complicated. In this guide, you can get your company up and running quickly. How Much Does it Cost to Start a Business in the UK? Depending on the business, average start-up costs are about £5k - but can be cheaper when you know how. Find out how much it costs to start a UK business here. How much does it cost to set up a limited company? It can cost from £50 to set up a limited company, but at Start Up A-Z we cover this expense, meaning you can register a business for free with us. Learn more. How to Find Freelance Work & Respond to Enquiries Learn how to find freelance work and respond to inquiries with our comprehensive guide. Use our step by step advice to help set yourself up for success. How to Register & Form a Limited Company: A Complete Guide Thinking of registering a company in the UK? This guide will show you how easy it can be to form a limited company. How to Set Up a Virtual Office Ready to set up your own virtual office? Follow our step-by-step guide to creating a virtual office and enjoy the flexibility it offers. Read more. 12 Reasons to Start a Business Today Thousands of people set up businesses every year, each for different reasons. But what is a good reason to start a business? Explore more here. 5 Things to Consider When Starting a Business There are a large number of considerations when starting a business, from finances to time investment and unforeseen circumstances. Read more A Guide to Starting a Buy to Let Property Business Want to set up a buy to let business? Read how this can work, from researching the market, establishing budget, to setting up your own company. Learn today. A Guide to Starting a Construction Company in 2024 Want to succeed in the construction industry? If you're wondering how to start a building and construction business, we've created a guide to get you started. A Guide to Starting a Food Business in 2024 Want to succeed in the food industry? If you're wondering how to start a food business, we've created a complete guide to get you started. Read more. A Guide to Startup Loans & Business Financing While the saying ‘it takes money to make money’ may sound like a cliché, there’s no denying that starting your own business can be expensive. Advantages & Disadvantages of Limited Liability Do you think of starting your own business? Before you dive in, it's crucial to understand the legal terms and jargon associated with forming a limited company. Are Virtual Offices Legal? Confused about the legality of virtual offices? Explore SUAZ's guide to learn about the legal aspects and regulations surrounding them. Read more. Can I Register My Business at My Home Address? Using your home address as your business address has its benefits, but there are some considerations. So what's the best option? Read more. Can You Work For A Company And Be Self-Employed? Want to start a side hustle but not sure if you can work for a company and be self-employed? Here’s what you need to know. Changes to Companies House Fees Discover the impact of Companies House fee changes on agents & SUAZ's commitment to free company formation. Stay informed & empower your business with SUAZ. Companies House register drops for the first time since 2012 The Companies House register has shrunk for the first time since quarterly reporting began in 2012. Read what it means for future entrepreneurs. Do You Need a Business Bank Account to Operate? Are you debating whether a business bank account is necessary? Start Up A-Z highlights the advantages and reasons why your venture can benefit from having one. How Difficult is it to Start a Business? The process of starting a business itself is not difficult, but running a business itself involves lots of hard work, but is it worth it? Read more. How Much Does a Virtual Office Cost? Curious about the cost of a virtual office? In our latest guide, we break down the pricing factors and provide insights into virtual office costs. Read more. How do you open a retail business? Learn how to open a retail business in this step-by-step guide from the experts at Start Up A-Z. Covering everything from market research to business planning. How much professional indemnity insurance do I need? Determine the right amount of professional indemnity insurance for your needs with our practical guide. Read more to protect your business effectively. How to Quote & Charge for Freelance Work Learn to quote and charge effectively for freelance work with expert strategies. Elevate your pricing game and boost your freelance success with Start Up A-Z. How to Set Up a Freelancer Business in 2024 Discover how to kickstart your freelance career with our comprehensive guide. From setup to success, we've got you covered! How to Start a Bakery Business in the UK Learn the key steps to successfully start your bakery business. Get practical tips and insights to turn your passion into profit. Read the guide now!

This is the knowledge base of Start Up A-Z wherein you can browse through our articles created to educate you into forming your company. Our Knowledge Base: How can we help you today? Popular Search: Virtual Office, Company Formation, Finance Featured Article Can You Work For A Company And Be Self-Employed? Want to start a side hustle but not sure if you can work for a company and be self-employed? Here’s what you need to know. Read More Building Foundations for Success: Your Path to Company Formation Here at SUAZ, we believe that it shouldn’t cost you a fortune to follow your dream. We also know that starting a business isn’t cheap, which is why our company formation service is completely free - so you can keep your hard-earned cash to make your business the best it can be. Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office Beginner's Guide Can You Work For A Company And Be Self-Employed? Business Trends The companies owning the most companies Company Formations, Business Trends Companies House register drops for the first time since 2012 Beginner's Guide, Company Formations Starting a small business in the UK Business Trends What it takes to be a FTSE CEO Beginner's Guide The UK’s most entrepreneurial universities Company Formations Companies House Fee Increases 2026 | Start Up A-Z Start-Up Finance 5 Grants to Apply for When Starting a Business Beginner's Guide The UK’s self employed survival rates for 2025 Load More Categories Frequently Asked Questions Frequently asked questions Home Page Registered Office Address Start Up A-Z General Company Formation Help After Company Formation Virtual Offices Address Services Business Call Answering Documents Filing SUAZ Homepage FAQs Other Services Filing Confirmation Statement Business Support Club Partnership Director’s Service Address in Manchester Compare Packages Virtual Office Birmingham Virtual Office How can SUAZ offer company formations for free? Companies House have been increasing their prices in recent years with a jump from £12 in 2024 to £100 in 2026. This could be a hurdle for many people starting a business and we want to make it more accessible. We partner with top business providers to provide additional services for new business owners like you, earning us commissions that let us subsidise your company formation at no cost to you. When can your business be up and running? Faqs Can't find an answer? Contact Us! help@suaz.co.uk Tel: 0330 320 1929 Bartle House, Oxford Court, Manchester M23WQ CRN: 12478555 Name Email Message Submit Thanks for submitting! Contact Us

Apply to form a company for FREE in 2 minutes here at Start Up A-Z! Start up your business with us using our company formations and registration service. Free Company Formation Save £100 on company formation by signing up to our selected partners during the formation application. DeskMate and Startup Studios will pay the formation fee for you. Check business name availability now to start. Check Availability Limited Limited Highly recommended by our partners Where are you on your startup journey? Follow the SUAZ method for the best chance of success More on the Startup A-Z method Let us know how we can help Your success is our success ⦿ Your success will encourage other new business owners to work with Start Up A-Z. ⦿ It makes us feel good and makes our job worthwhile. ⦿ We can scale with your company and offer solutions to meet your needs as your business grows. Hi, nice to meet you! We’re not just another company formation agent. We’re your Start Up A-Z We’re here from A-Z, from the moment you submit your company registration, to landing your first sale. With Start Up A-Z, you’ll have the tools and knowledge to succeed, and the support you need to thrive. 
We do more than just form your company. You’ll gain a support system to grow your business for the long haul. After all, the SUAZ team has been in your shoes. We know the ways to succeed and the things to avoid, and would love to be a part of your success story. Think of us as a free business partner who’ll have your back every step of the way. Find out more Why choose us as your company formations agent? You’ll gain more than just company formation. Some of the benefits you’ll receive include... Get an exclusive access to Business Centre Empower your startup journey with Small Business Software Once you’ve completed the company formation process with us, you’ll get exclusive access to a Business Centre account. Business Centre brings everything you need to run your business into one easy-to-use application with essential tools designed for new business owners. Here you can manage your availed services, tap into business resources, get marketing support and discover accounting and insurance partners. You’ll have everything you need to unlock your business’s full potential. Create a free account now Take a look at our services. We're here to help you with your new business We have articles for you to browse Do you need more information in forming a company? By Start Up A-Z Can You Work For A Company And Be Self-Employed? Want to start a side hustle but not sure if you can work for a company and be self-employed? Here’s what you need to know. 6 min read By Start Up A-Z Can You Work For A Company And Be Self-Employed? 6 min read Button By Start Up A-Z Starting a small business in the UK 4 min read Button By Start Up A-Z Companies House Fee Increases 2026 | Start Up A-Z 3 min read Button Explore Our Knowledge Base Got Questions About Forming A Company? Words from our clients / 4.8 / 344 Reviews Frequently Asked Questions Frequently asked questions Home Page Registered Office Address Start Up A-Z General Company Formation Help After Company Formation Virtual Offices Address Services Business Call Answering Documents Filing SUAZ Homepage FAQs Other Services Filing Confirmation Statement Business Support Club Partnership Director’s Service Address in Manchester Compare Packages Virtual Office Birmingham Virtual Office How can SUAZ offer company formations for free? Companies House have been increasing their prices in recent years with a jump from £12 in 2024 to £100 in 2026. This could be a hurdle for many people starting a business and we want to make it more accessible. We partner with top business providers to provide additional services for new business owners like you, earning us commissions that let us subsidise your company formation at no cost to you. When can your business be up and running? See all FAQs Ask us a question! Contact Us help@suaz.co.uk Tel: 0330 320 1929 Bartle House, Oxford Court, Manchester M23WQ CRN: 12478555 Name Email Message Submit Thanks for submitting!

Want to start a small business in the UK but aren't sure where to start? Here's a guide to help take the first steps as a new business owner. Starting a small business in the UK 4 min read Beginner's Guide, Company Formations Table of Contents Categories How to start a small business in the UK Business Structure and legal requirements Financial Planning & Funding Operations and growth Ready to build your business? Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office Starting a small business in the UK can be incredibly rewarding. You get the chance to turn an idea into something real, build something you're proud of and, ultimately, work for yourself. But while the freedom can be exciting, starting a business also comes with plenty to think about. From planning your idea and choosing a business structure to managing your finances and finding your first customers, there are some important steps to get right. Here's our guide to help you take those first steps with confidence. How to start a small business in the UK Initial planning Before you worry about logos, websites or business cards, start with the basics. A good business starts with a good idea, but a good idea needs a plan behind it. Define your idea and niche Start by asking yourself a few simple questions: What problem does your business solve? Who are you solving it for? And what makes your business different? Your unique selling point (USP) doesn't have to be revolutionary. It could be your pricing, your expertise, your customer service or the particular audience you serve. The clearer you are about what you offer and who you offer it to, the easier it becomes to build your business around it. Conduct research Don't skip your market research. Look at your competitors, the services they offer, how they price themselves and who their customers are. Research can also help you understand whether there's genuine demand for your idea. You might discover an opportunity that competitors aren't serving, or identify something you could do better. A little research now can save you a lot of time and money later. What is your "Why"? Why do you want to start this business? Of course, making money is important. But your reason for starting should go a little deeper. Maybe you want more flexibility, want to turn a passion into a career or have spotted a problem you know how to solve. Knowing your "why" can help you stay motivated when things get difficult. And, trust us, there will be days when things don't quite go to plan. Business name and branding Your business name is one of the first things customers will see, so make it count. Aim for something memorable, easy to say and relevant to what you do, without boxing yourself into one particular service or location. Before committing, check that your name is available and consider whether you can secure a suitable domain name and social media handles. You should also think about the visual side of your brand, including your logo, colours and fonts. You can check business name availability with SUAZ before getting started. Check business name availability with SUAZ Exit strategy (optional, but good to have) It might seem strange to think about leaving a business before you've even started it, but an exit strategy can be useful. Create one long-term plan for when everything goes well and another for when it doesn't. You don't have to predict exactly what will happen. The point is to think ahead and give yourself options. Having a plan can make some of the uncertainty of starting a business feel much more manageable. Business structure and legal requirements Choosing the right business structure One of the biggest decisions you'll make is choosing how your business will operate legally. For many new business owners, the choice comes down to becoming a sole trader or setting up a limited company. A sole trader structure is generally simpler to get started with, but you're personally responsible for the business's debts and losses. A limited company is a separate legal entity, which can provide limited liability, but it comes with additional responsibilities and administration. There's no one-size-fits-all answer. The right structure depends on your circumstances, ambitions and the type of business you're building. For a more detailed comparison, take a look at our guide to [self-employed vs limited company]. Self-employed vs limited company guide Register your business Once you've decided on your structure, make sure you complete the relevant registration. If you're operating as a sole trader, you may need to register for Self Assessment with HMRC. If you're setting up a limited company, you'll need to incorporate it with Companies House before you start trading. When you're ready to form your company, use SUAZ — the only free company formation site in the UK. Our formation service is subsidised through selected partners, helping eligible customers reduce or remove the Companies House formation fee. Start your free company formation with SUAZ Compliance and regulations Being a business owner means more than making sales. You'll also need to understand the rules that apply to your business. Depending on what you do, this could include tax requirements, employment law, data protection, health and safety, licences, insurance and industry-specific regulations. Local requirements may apply too. Don't assume compliance is something you can worry about later. Building good habits from day one makes it much easier to stay on top of your responsibilities as the business grows. Contracts A handshake might be enough for a friendly conversation, but it isn't a substitute for a good contract. Well-drafted contracts can help protect your relationship with clients, suppliers, freelancers and business partners by clearly setting out what each party is responsible for. They can cover things such as payment terms, deadlines, ownership of work, confidentiality and what happens if something goes wrong. For anything significant, professional legal advice can be worthwhile. Intellectual property (IP) Your ideas, branding and creative work can be valuable business assets. Think about how you'll protect them from the beginning. Depending on your business, intellectual property could include your business name, logo, designs, written content, inventions or other original work. Trade marks, copyright and other forms of IP protection can help you protect what you've built. Financial Planning & Funding Developing a business plan A business plan doesn't have to be a huge document that sits in a drawer and is never opened again. It should be a practical roadmap for your business. At a minimum, consider including: Executive Summary: A concise overview of your business, idea and goals. Market Analysis: Information about your target customers, competitors and market opportunity. Financial Projections: Your expected income, cash flow and balance sheet. A business plan can help you make better decisions, spot potential problems and keep your goals on track. It can also be essential when you're applying for funding, as lenders and investors will want to understand how your business is expected to perform. Calculating expenses and your break-even point Before spending money, work out what your business will actually cost to run. List your startup costs, such as equipment, stock, branding, websites and professional services. Then consider your ongoing costs, including rent, software, insurance, marketing, utilities and wages. Once you understand your costs, you can calculate your break-even point — the point at which your income covers your expenses. This gives you a much clearer idea of how many products you need to sell or customers you need to win before your business becomes profitable. Funding options in the UK You don't necessarily need a huge amount of money to start a small business, but you may need some funding to get things moving. Common options include: Personal investment or savings: Using your own money can give you control without taking on debt. Bank loans: Traditional business lending may be suitable for established plans, while government-backed Start Up Loans can be an option for eligible new businesses. Grants: These can be available at local, regional, national or industry-specific level, although eligibility varies. Crowdfunding: A way to raise money from a large number of people, often while testing demand for an idea. Angel investors or venture capital: Potentially suitable for businesses with strong growth ambitions that need significant investment. Think carefully about how much funding you actually need and what you're prepared to give in return. Managing business finances Good financial management can make the difference between a business that survives and one that struggles. Consider opening a dedicated business bank account so your business income and expenses are easy to track. Depending on your business, you may also need insurance and a merchant account to accept electronic payments. Accounting software such as QuickBooks or Xero can help you keep records and understand your finances. You may also decide to work with an accountant, particularly if your tax affairs become more complicated. And don't forget tax. Depending on your structure and circumstances, you may need to consider Income Tax, Corporation Tax, National Insurance and VAT. Operations and growth Building your team You don't need to build a huge team from day one. In fact, many small businesses start with one person doing everything. As you grow, think carefully about which tasks genuinely need another pair of hands. You could hire employees, work with freelancers or use specialist agencies. The right choice will depend on your workload, budget and growth plans. Hiring employees Taking on employees is a big milestone, but it also comes with legal responsibilities. You'll need to understand your obligations around PAYE, National Insurance, employment contracts, workplace rights, pensions, holiday entitlement and health and safety. Make sure you understand what you're taking on before making your first hire. Getting the right systems in place early can save you headaches later. Working with freelancers or agencies Freelancers and agencies can give small businesses access to specialist skills without the commitment of employing someone permanently. They can be particularly useful for areas such as marketing, web development, design, bookkeeping or content creation. Just make sure expectations, costs, deadlines and ownership of work are clearly agreed before the project starts. The value of business coaches and specialists Starting a business can sometimes feel like you're expected to know everything. You aren't. A business coach, accountant, solicitor, marketing specialist or other professional can provide valuable guidance, particularly when you're facing a decision outside your area of expertise. Getting the right advice early can help you avoid expensive mistakes and give you more confidence as you grow. Setting up physical space and equipment Not every business needs an office or physical premises. If yours does, think carefully about what you actually need before committing to a lease. You may need office space, a workshop, retail premises, vehicles, machinery or other specialist equipment. Consider whether buying, renting or leasing makes the most financial sense. If you work from home, check whether there are any permissions, insurance or other requirements you need to consider. Supply chain If your business relies on products, materials or equipment, finding reliable suppliers is essential. Don't simply choose the cheapest option. Consider quality, delivery times, minimum order quantities, payment terms and what happens if your supplier can't deliver. A strong supplier relationship can help your business run smoothly. A poor one can leave you explaining delays to your customers. Ready to build your business? Starting a small business can feel like a lot to take on, but you don't need to have everything figured out on day one. Start with a strong idea, understand your customers, choose the right structure and get your finances and legal responsibilities in order. Then keep learning, adapting and building. And when you're ready to make your business official, SUAZ is here to help. Get started with the only free company formation site in the UK and take the next step towards turning your business idea into reality. Start your free company formation with SUAZ today Recommended Readings

Avoid the frustrations of forming a new business. A Readymade Company is preregistered and ready for your name, so you can start trading TODAY. Start Trading Today With Companies House fees rising for new business registrations, it is becomming more difficukt for a business to get started. A Readymade Company is pre-registered, just waiting to be transferred into your name and allowing you to start trading TODAY. With multiple years of operating history, and fully-branded options available, Readymade Companies are a fantastic way to get your business started. Find your perfect business today Play What can you get from Ready Made Companies? 01 Upgrade your image Your Readymade Company is established, recognised, and known to Companies House, and already registered at a prestigious city centre address. 03 You deserve support This is just the beginning, you will receive the support of a highly trained business concierge service, who will guide you through any queries or requests you may have. 02 Premium online presence Choose a Readymade Company that’s professionally branded, unique and will catch the eye of your customers. 04 Impress your customers Communicate confidently with a dedicated landline number. Direct calls to your mobile, home or office, or choose from our selection of call answering & reception services. 05 Branding speaks louder than word Meet clients, conduct meetings with business partners, or get the work done with our impressive rooms that offer you the comfort of a good work environment. Our amenities are fully equipped with everything you need for productive and professional gatherings, from high-speed internet to comfortable ergonomic chairs. LO LOW LTD 1/1 STARTING FROM £ £250 20-Jun-22 Company Incorporation Date: SLING SERVICES LTD 1/2 STARTING FROM £ £250 24-Jun-22 Company Incorporation Date: THE REALTY TEAM LTD Ad Design Mockup.jpg the-realty-team-bts_product-tile-2.jpg Ad Design Mockup.jpg 1/2 STARTING FROM £ £250 23-Jun-22 Company Incorporation Date: ORAS MANAGEMENT LTD 1/1 STARTING FROM £ £250 23-Jun-22 Company Incorporation Date: PEBBLE FINANCIAL LTD Advertisment Design.jpg pebble-financial_product-tile-2-12-1.jpg Advertisment Design.jpg 1/2 STARTING FROM £ £250 24-Jun-22 Company Incorporation Date: EVO BLUEPRINT LTD Logo.jpg evo-blueprint-ltd_product-tile-2.jpg Logo.jpg 1/2 STARTING FROM £ £250 25-Jul-22 Company Incorporation Date: TEAM HOME LTD 1/2 STARTING FROM £ £250 23-Jun-22 Company Incorporation Date: WI GO TRAVEL LTD Wi Go mockup.jpg wi-go-ltd_product-tile-2.jpg Wi Go mockup.jpg 1/2 STARTING FROM £ £250 23-Jun-22 Company Incorporation Date: GREEN CENTURY LTD 1/1 STARTING FROM £ £250 24-Jun-22 Company Incorporation Date: INFINITY TODAY LTD Advertisment Design.jpg infinity-today_product-tile-2.jpg Advertisment Design.jpg 1/2 STARTING FROM £ £250 24-Jun-22 Company Incorporation Date: NNMU LTD Logo mockup.jpg nnmu_product-tile-2.jpg Logo mockup.jpg 1/2 STARTING FROM £ £250 21-Jun-22 Company Incorporation Date: ION CLOUD LTD logo mockup.jpg ion-cloud_product-tile-2.jpg logo mockup.jpg 1/2 STARTING FROM £ £250 23-Jun-22 Company Incorporation Date: ON RACE LTD on-race.webp on-race_product-tile-2.jpg on-race.webp 1/2 STARTING FROM £ £250 23-Jun-22 Company Incorporation Date: SINGLE THOUGHT LTD 1/2 STARTING FROM £ £250 24-Jun-22 Company Incorporation Date: EVERY NOTE LTD Logo.jpg every-note_product-tile-2.jpg Logo.jpg 1/2 STARTING FROM £ £250 21-Jul-22 Company Incorporation Date: Load More Get in touch to purchase your Ready Made Company First name* Last name* Email* Phone* Company of interest* Submit

Partnering with industry leaders like Zempler Bank, Crunch, and Simply Business, SUAZ provides comprehensive support for your startup journey. Get started now! Our Trusted Partners We’re a startup agency, and we work with industry experts to give you the best support to help you succeed. Find Out More Find Out More Find Out More Find Out More Find Out More Find Out More Find Out More Our mission is to give you the best chance of success. After all, we’ve been in your shoes. We don’t just form your company; we offer you ongoing support, guidance, feedback, business planning structures and techniques that will allow your company to grow in the long term. In turn, as our clients’ businesses grow, they trust us to connect them with vetted and approved suppliers on our B2B marketplace platform, Business Support Club . We directly measure our success by using the only metric that matters: your success. Some businesses will fail, that’s the nature of taking a risk. But by following the SUAZ method , you’ll be better placed than anyone who forms a company today not using us.

Want to succeed in the gardening & landscaping industry? If you're wondering how to start a gardening business, we've created a guide to get you started. A Guide to Starting a Gardening Business in 2024 12 min read Beginner's Guide Table of Contents Categories Understanding the gardening business landscape Steps to starting a gardening and landscaping business 1. Do your research Types of customers 2. Understand the legal and regulatory considerations Company formation Health and safety Insurance for your gardening business 3. Make a list of essential tools and equipment 4. Create a business plan and have it ready 5. Build a marketing and branding strategy 6. Financing your landscaping and gardening business 7. Keeping and retaining gardening customers Words of wisdom from a gardening business owner Any challenges or mistakes you made at the beginning? What tips or advice would you share for starting a gardening business? How SUAZ can help you Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office Maybe you were born with green fingers, or perhaps your love of gardening blossomed over time. Whatever your circumstances, if nothing fills you with more pride than transforming a green space, starting a gardening business could be the fresh start you’re looking for. In fact, an impressive 674,200 jobs across the UK are supported by ornamental horticulture and landscaping - so you’re choosing a thriving industry to become a part of. Starting a gardening business offers more than just financial independence and pride - you’ll also spend time in the great outdoors which is said to improve your mood and reduce feelings of stress . But how do you get started? We’ve put together this guide on how to start a gardening business, so you know exactly how to navigate entrepreneurship and kickstart your gardening enterprise with confidence. Understanding the gardening business landscape One thing’s for sure - we definitely love our gardens in the UK. Gardening rose in popularity during the COVID-19 pandemic especially, when lockdowns caused many to stay at home. In 2020, when asked about the key benefits of having access to a garden during the pandemic, 87.7% of respondents said their garden helped relieve stress and anxiety . So, if you’re looking to start a gardening business, you’ll be pleased to know your work will contribute to improved mental wellbeing. The horticultural industry not only brings joy and improved wellness, it also supports the environment and economy. Your work will contribute to environmental sustainability, especially if you implement eco-friendly gardening practices. It’s said that the industry could support more than 763,000 jobs by 2030 , and is set to play a key role in achieving the UK’s climate change targets. With endless benefits to consider, what’s stopping you from swapping your office shoes for welly boots? Steps to starting a gardening and landscaping business Ready to embrace all that starting a gardening business has to offer? We’ve put together a step-by-step guide below, so you can rest assured that all is taken care of. 1. Do your research Let’s face it, there’s no such thing as too much research. To improve your chances of business success, getting to know your customers and their needs is crucial. Without research, you’ll rely purely on assumptions which is where many businesses fail. In today’s business world, you must take the time and effort to understand your customers so you can tailor your service to suit their needs. Types of customers The types of customers who will seek your expertise are likely to vary. You may choose to specialise in a particular area of gardening, or offer a range of services to appeal to different customers. Just some of the customers you may look to target include: Local councils Families or couples Holiday lets Landlords and letting agents Public gardens, parks and other green areas Establishments such as cafes, restaurants and bars 2. Understand the legal and regulatory considerations While you’re probably eager to get started with your gardening enterprise, you should get to grips with the legal and regulatory requirements of starting a business . Company formation First, you’ll need to decide how you’ll legally start your business. You can form your business yourself through Companies House for a £50 fee, or you can get a company formation agent to take care of things for you. With SUAZ, we’ll form your company directly with Companies House for free (yes, really!) and we’ll have your back every step of the way should you need any advice or support. Health and safety While gardening can be a stress-free pastime, it doesn’t come without its risks - especially if you’re making it your career. It’s important to consider any potential risks and health and safety procedures you should follow to protect yourself and others around you. Gardening and landscaping can come with several risks including prolonged sun exposure, manual handling, slips and falls, and reactions to chemicals such as pesticides and weed killers. With this in mind, it’s important to perform a risk assessment to acknowledge any potential risks and the steps you can take to mitigate them. Insurance for your gardening business Like any type of insurance, the hope is you’ll never need to actually use it. But this doesn’t eliminate the importance of taking out business insurance to protect you and your business should the worst happen. Should you hire employees, it’s a legal requirement to have employers’ liability insurance to protect your business should an employee fall ill or become injured as a result of working for you. You may also choose to take out public liability insurance to cover you financially should a third party claim to have suffered injury or property damage because of your business. 3. Make a list of essential tools and equipment Without the right tools and equipment, you’re not going to get very far! The exact tools you’ll need to invest in will depend on the gardening services you plan to offer, but generally speaking, you’ll need the following: Gloves: A good pair of gloves will protect your hands from cuts and splinters. Make sure they’re water-resistant and breathable, and that they have long cuffs to protect your forearms. While it may be tempting to go for the cheaper option, it’s likely to be more cost-effective to invest in higher-quality gloves that may cost a bit more. Doing so means you won’t need to replace them as quickly - better for your wallet and the planet too. Rake and spade: Every gardener needs a good quality spade and rake. These are the most basic but effective tools you’ll use daily, so it’s worth buying high-quality products that will last. Pruning shears: Otherwise known as secateurs, pruning shears help you control plant growth and keep areas looking tidy. You can use them to cut through branches easily, so you can maintain and shape trees and bushes. Lawnmower: Lawn care is likely to be a popular service you’ll offer, so you’ll want a reliable, quality lawnmower to do the job well. You may prefer a lightweight lawnmower (either petrol or electric) that is easy for you to carry around from job to job. 4. Create a business plan and have it ready Your business plan is your go-to resource both at the start of and throughout your business journey. Your business plan should outline your business’ strategy, goals and objectives and how you’ll achieve them. You’ll explain the market research you carried out, how your business will be managed, and the services you’ll offer in detail. It’s also important to explain how you plan to fund your business, including your forecasted sales, expenses and cash flows. 5. Build a marketing and branding strategy To get your business name out there and start attracting customer attention, you’ll need a marketing and branding strategy. The thought of marketing your business may sound daunting, especially if you feel your skills lie in the outdoors and you aren’t familiar with marketing jargon. But there are plenty of resources online to guide you through it, as well as our tips below to get you started: Know your target audience: Are you looking to attract local families or larger organisations? Determine the demographic, lifestyle preferences, age, location and gardening needs of your customer base so you can look to target these characteristics. Your USPs: What makes your business stand out against your competitors? Identify your key strengths and specialisms to focus on, as well as your USP - your unique selling points. For example, one USP may be that you offer a customised approach to your gardening services, tailored to each individual customer. Choose your marketing channels: Choose the marketing channels that are most appropriate to reach and target your customers. Make sure you consider both online and offline marketing - for example, you may choose to advertise your services on Instagram, as well as promote your gardening services offline through flyers and local newspapers. 6. Financing your landscaping and gardening business Make sure you know how you’ll fund your gardening business and have a plan in place to ensure profitability. Be sure to factor in the costs of company formation , taxes, business insurance and branding. You’ll also need to calculate the cost of the equipment you’ll need to carry out your day-to-day operations. Our guide on how much it costs to start a business covers these costs in more detail. To ensure you’re making a consistent profit, you’ll want to price your gardening services competitively. How much are your competitors charging in your area? The cost of gardening services varies greatly depending on the level of experience, the size of the garden and the location. Equally, you’re likely to charge more for landscape gardening than you would regular gardening jobs such as lawn maintenance and digging new flower beds. The price of a regular gardener can be up to £200 a day, whereas landscape gardening can cost up to £280 a day on average . 7. Keeping and retaining gardening customers Once you’ve carried out your initial gardening jobs, you’ll want to retain those customers going forward. Here are just some ways you can work to maintain a loyal customer base and encourage repeat business: Quality service: This may sound like an obvious one, but the better service you provide, the more likely it is that your customers will ask for more. Ensure you and your team are equipped with the best tools, and follow best practices. Communication: Listen to your customers’ needs and preferences and communicate with them effectively. Update them regularly with the progress you’re making and encourage open communication so you can understand any queries or concerns they may have. Reward their loyalty: You could reward loyal customers for their repeat business. Maybe you could offer a discount on their fifth garden project, or throw in a service for free as a token of appreciation. Words of wisdom from a gardening business owner Owner and Director of Protea Gardens , Nathan Gamba, shares his tips and advice when it comes to starting a gardening business. Any challenges or mistakes you made at the beginning? My mistake was thinking that I would immediately be working 5-6 days a week. But as I was only starting out, I had to build up a client base very slowly. I was working maybe 3 days a week, so covering my rent and food bills was hard. I guess I was fortunate in the beginning to have had a meticulous and hard-working mindset and as time went by, word started to spread in the local community. Looking back now, one of the mistakes I made was charging peanuts for the work I was doing, but in hindsight, that helped me in being recommended to other clients. As my confidence grew, I could then start charging the going rates for what gardeners in the area were charging. What tips or advice would you share for starting a gardening business? My advice would be to never give up on your dream. Life will likely be hard in the beginning as you will need to network and find the work. But if you are passionate about the career you chose, then just keep at it - it will get better! A good tip would be to contact other gardening companies in the area. Maybe even do a few shifts with them as a freelancer. This will at least give you a little extra cash while you build up your own client base. By working for a company that knows you are freelancing, they might pass some work over to you if they get too busy. How SUAZ can help you Starting your own business doesn’t need to feel complicated. Our company formation service can take care of things for you, and support you every step of the way. You deserve to make your business dream a reality. Apply to form your company with SUAZ today. Recommended Readings

Advice from business and branding experts on the importance of getting your new business name right, including their top tips for naming your business. The Power of a Name - Expert Tips for Naming Your Business 9 min read Company Formations Table of Contents Categories How to come up with a business name Branding and marketing experts share advice on naming your business How powerful can a business name be? Factors to consider when choosing a business name What happens if you don't pick a strong brand name? Is there any psychology behind choosing brand colours? Should you include the type of brand in your business name? Should you choose a long or short business name? When should you rebrand a business? Should you choose a business name that is personal to you? The cost of a domain for new businesses Forming a company Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office One of the first steps in creating a business is choosing your brand name. This is how the world will know you and it’s therefore a pretty significant decision. Choosing a name is a big part of building your identity and making you stand out from the crowd, and it lets customers know what to expect from your business. So, where should you start? How to come up with a business name Choosing a business name can be tricky. So to help you decide the best title for your organisation, we’ve pulled in three experts to share their insights and advice. We’ll get onto this expert guidance in just a moment, but first, here are some initial questions to ask yourself when thinking about an ideal business name: Will the name limit your business? Avoid being too specific about your offering in your name, in case you later decide to expand or change your business’ focus. Does the name make sense for your business? Does the name indicate what you do? Some businesses opt for unusual, abstract names but these give less information to potential customers. Is it easy to remember? Shorter names are often better and it usually pays to avoid acronyms, hyphens and special characters. Is your name easy for people to spell? If not, you could end up repeatedly spelling it out for customers and suppliers, and risk people not finding you online. Does it sound good? Is it easy to pronounce? Does it have a nice ring to it? Is the name meaningful just to you? A random name with meaning only for you tells people nothing about your brand. Is the name visually attractive? Think about how your name will look on your website, on a billboard and anywhere else it might appear. Is the name (and domain) available? You can check that with our company name availability checker . Branding and marketing experts share advice on naming your business Here come the experts! Let’s quickly introduce you to the branding and marketing experts who’ve kindly shared their insights with us, to prove that they’re well worth listening to. Expert number 1 Daphne Diluce - award-winning international designer, brand expert, business strategist and co-founder of Roar Media Creative. Expert number 2 Chelsea Spencer - Head of Marketing, Fenn 1875 . Expert number 3 Andrew Burnett - founder of helleau® , a thought partner to self-aware brands. How powerful can a business name be? Daphne Diluce: ‘ In my experience, a business/brand name wields immense power when it resonates with a meaningful message that elevates and enriches its customers' lives. The true strength lies in what the name symbolises. I thrive on delving deep into this realm, crafting brand names that not only exude power but also find a permanent home in the hearts and minds of the customers.’ Chelsea Spencer: ‘ I’d say powerful but a lot of people at the start of their journey spend too much time on this instead of getting their product or service out to market fast to see if it’s even viable in the first place. At the start-up phase the aim is to see if it works – I’ve had clients in the past who’ve not even sold their first batch of stock but they’ve rebranded more than once and waste no end of money and time on the look and feel of their brand before even knowing if the product was good. Often I think it’s a mind-set thing either to do with perfectionism or procrastination. In some instances not naming your business or product can even help get over this until you’ve got some solid feedback on the product or service.’ Andrew Burnett: ‘ How often do brands change their taglines? How often do they update their logos? And, how often do they change their names? Names are what we use to share brands in conversation, they’re vital to the most powerful form of marketing; word of mouth.’ Factors to consider when choosing a business name DD: ‘ In my view, the pivotal elements in selecting a business name revolve around customer comprehension. It must convey what the business or service offers, enabling clients to envision and grasp its purpose. This profound understanding is the key to attracting the right, loyal clientele to the business, ensuring constant growth and success.’ CS: ‘Functionally – can you get all the domain and social handles of the brand name and have it the same, is there anyone else out there with a name like it (I’ve had clients in the past literally rip off other brand’s names just because they like it and then faced the repercussions on diminished marketing returns later due to confusion, overly competitive SEO / PPC). Once I had a client that launched a sub-brand, created all the marketing and products for it and only then realised the domain they wanted was taken but not being used – the person who had the domain then tried to sell it to them for over 50k (they’re a medium sized business so to them this was a lot) – which they ended up paying because they’d already invested and marketed so heavily. ‘Also, trademarks. A current client is setting up their brand and they wanted to call it after a well known product of a direct competitor – it had a trademark on it and before they engaged with me they were having packaging and a website created under this. As soon as I embarked on the project with them I put a stop to it because the potential fallback would have been disastrous. ‘The less functional – ease of pronunciation, spelling (doesn’t have to be a real word like monzo) but the more simple the better traction they tend to get.‘ AB: A good name is SCUMMY™: Short Consistent Unique Memorable Meaningful Your brand appropriate.’ What happens if you don't pick a strong brand name? DD: ‘ If founders don't pick a strong brand name, it can lead to several detrimental consequences for their business: Lack of recognition, making it challenging to stand out in the market. Confusion and difficulty communicating the business's offerings. Reduced trust and credibility among potential customers. Limited growth and diversification opportunities. Potential trademark issues and legal challenges. Missed marketing opportunities and weaker emotional connection with the audience. Negative associations and damage to the business's reputation. Higher marketing costs without guaranteed results. Difficulty attracting top talent. ‘I want founders to know, a strong brand name is crucial to avoid hindering growth, communication, and overall success for the business.’ CS: ‘Ability to market effectively, unnecessary competition on Search, Paid and Social like the above. Potential for trademark infringements. Ultimately it will become much more costly. Starting a new business and scaling is already hard so no need to make it harder for yourself along the way.’ AB: ‘The success of the brand. ‘If names don’t work they may be confused with other brands, be forgettable, have unavailable brand assets, and so on. ‘ Is there any psychology behind choosing brand colours? DD : ‘ Yes, there is indeed psychology behind brand colours. Colours can evoke specific emotions and associations, impacting how customers perceive a brand and influencing their decision-making. Colour associations hold immense power in branding and marketing. Understanding the psychology of colours is crucial when creating your brand materials. Here are some common colour associations: Red: Represents passion, energy, and urgency. It can create a sense of excitement and stimulate impulse buying. However, it may also be associated with warnings or danger. Blue: Symbolises trust, reliability, and calmness. It is often used by banks, technology companies, and healthcare providers to establish credibility. However, an excessive use of blue may feel cold or distant. Green: Associated with nature, growth, and health. It appeals to environmentally conscious audiences and represents balance. However, too much green may come across as bland. Yellow: Conveys optimism, happiness, and creativity. It grabs attention and is often used to highlight important elements. But excessive yellow can be overwhelming. Orange: Represents enthusiasm, confidence, and warmth. It can create a sense of friendliness and affordability. However, it might not be suitable for high-end luxury brands. Purple: Symbolises luxury, sophistication, and creativity. It is often used by beauty and wellness brands. But overuse may make the brand appear too exclusive. Black: Signifies elegance, authority, and power. It is often used by luxury brands. However, too much black can feel heavy.’ AB : ‘ Colours are not my speciality, however, if one colour is common in a sector it is easy to disrupt… ‘There are many blue banks, but the red one is Santander, for example. ‘ Should you include the type of brand in your business name? DD: ‘ I believe including the type of brand in the name can be a strategic choice with both advantages and disadvantages. On one hand, it provides clarity, helping customers quickly understand the business's offerings. It also improves SEO and discoverability online, making it easier for potential customers to find us. Moreover, it contributes to establishing a clear brand identity, especially in competitive industries, showcasing our niche and specialisation. ‘On the other hand, there are some drawbacks to consider. Adding descriptive terms may limit our future growth and diversification if we decide to expand beyond our initial offerings. It could also make the name longer and less memorable, while using generic terms might make us appear less distinctive among competitors. ‘In the end, the decision hinges on our specific goals, industry, and long-term vision. We must weigh the pros and cons carefully to choose a name that aligns with our branding strategy and resonates with our target audience. Whether we opt for descriptive terms or a more creative approach, the name should reflect our unique identity and aspirations for the brand.’ AB: ‘ Definitely not. ‘How many household brands include their sector in their name? Strong brands don’t add what they do in their names, try thinking of an example… ‘ Should you choose a long or short business name? DD: ‘ When it comes to branding names, it's crucial to make the right choice. Shorter names are generally preferred, but there are pros and cons to consider. ‘Advantages of Short Branding Names: They are better memorable, simple to pronounce and spell, and offer more versatility. ‘Disadvantages of Long Branding Names: They may have limitations in describing the business, potential lack of distinctiveness, domain availability challenges, and the possibility of misinterpretation. ‘To find the ideal branding name, it's essential to strike a balance. Consider the nature of the business, ensure clarity in the name's brevity, and emphasise the brand's unique identity. Ultimately, thoughtful consideration is key to choosing a branding name that aligns perfectly with your brand's vision and resonates with your target audience.’ CS: ‘ Depends on the goal of the business and the target audience. Hargreaves Lansdown compared to MoneyBox for example. Essentially do the same thing and also have a similar fee structure but they operate in different ways and to different target audiences. MoneyBox massively simplifies things like ISA’s and Funds but H&L still keeps an element of technicality about their content and website.’ AB: ‘Short names are generally easier to remember, and therefore easier to tell other people about Sector leaders tend to have short names. Again, try and think of an example of a long brand name…’ When should you rebrand a business? DD : ‘ A rebrand or rename can be a game-changer for your business, ensuring relevance and success. Consider it in these situations: Evolving Business Focus: Align your brand with the new direction as products, services, or audience change. Brand Perception: Distance yourself from negativity and rebuild a positive image. Mergers and Acquisitions: Unite companies with a new cohesive identity reflecting combined values. Legal or Trademark Issues: Avoid complications by renaming if facing trademark challenges. Market Saturation: Stand out in competitive markets with a revitalising rebrand. Outdated Image: Modernise your brand for renewed audience appeal. Expansion into New Markets: Adapt your identity for cultural sensitivity in global markets. Negative Customer Perception: Rebuild trust and enthusiasm by addressing feedback. ‘Overall, a rebrand or rename can be most beneficial when there is a clear need to realign your brand with your business's current goals, values, and market positioning. However, it's essential to approach this decision thoughtfully, conducting market research, seeking customer feedback, and consulting with branding experts to ensure a successful transition and positive impact on your business. I love all parts of the branding process, creation and seeing my clients thrive!’ AB: ‘ Only if you really, really, have to should you think of renaming. If your reputation is bad, change the behaviour that led to the reputation, not the name. There are very few instances where changing a name is a good idea.’ Should you choose a business name that is personal to you? DD: ‘Choosing a brand name that is personal to you can be both a rewarding and challenging decision. ‘Pros of a Personal Brand Name: It allows you to showcase authenticity, reflecting your identity and values, which can create a genuine connection with customers. Your personal touch can evoke strong emotional appeal, fostering loyalty among your audience. Moreover, a personal name sets your brand apart, granting it a unique identity that customers are more likely to remember. Additionally, using your name provides an opportunity to share your personal story, adding depth and meaning to your brand. ‘Cons of a Personal Brand Name: It might have limited scalability, restricting future expansion if you plan to grow the business beyond yourself. People may also interpret the brand differently based on their opinions of you, which can lead to misperceptions. Furthermore, using a personal name may appear ego-centric to some customers, potentially alienating them. Lastly, if the business faces challenges, it could impact your personal reputation associated with the name. ‘To make the best decision, it's essential to consider the balance between personal attachment and the long-term goals of your brand. Think about how a personal name aligns with your vision and how it will resonate with your target audience. Remember, your brand name should reflect your values and aspirations, setting the tone for your business journey.’ CS: ‘ For me I’d rather have a name that either meant something to the customer base or was indicative of the business. I like Klowt for personal branding and Gym Shark for the gym. Then there’s the more abstract ones like Grenade for supplements and protein and Apple for tech which can work well too. I also think it a founder is too personally invested it can become detrimental and cause bottlenecks to getting MVP out and starting the feedback / iteration loop process – look at Nike and how the founder wasn’t a fan of the logo at first but they didn’t let it hold up the process of getting product out there. In a way it’s the same with a name. If it comes to it, once you’ve launched and know you have a viable product or service that sells, you can refine the brand and even rename later down the line if needed.’ AB: ‘If the name works it doesn’t matter if it is personal to you or not. Names with personal attachment can mean that objectivity goes out the window when choosing a brand name. ‘It doesn’t matter if you like it or not, only if it works or not; Ron Knight didn’t like “Nike” when it was presented to him – ask him now if he likes it.‘ The cost of a domain for new businesses Once you've chosen the perfect name, you’ll probably be keen to register a domain to start building your online presence. But which domain type will you choose - for instance, .com, .io or .net? Your business type should inform this decision - for example, .edu is used for educational institutions, .net is used for network technology companies and .gov for government agencies. Many British commercial businesses use .com or .co.uk, but there are more specific options too, such as .shop or .fun. As well as your business type, you should consider cost, because the price of these domain extensions can vary a lot! You can learn more about the cheapest and most expensive domains to buy in these graphics. Data from 123reg Forming a company When you have a company name you’re set on, you need to form a company with Companies House. It may seem complicated but with a little time and effort, you can register your company name and take the next step towards being your own boss. Or, if you’d like to make things even easier, you can have a company formation agent do it for you. At Startup A-Z the process is a piece of cake . All you need to do is: Check the availability of your business name Choose a company formation package Enter some information about yourself and your company Check out Oh, and we offer this service for free ! We can do this because our business model is based on offering additional, optional services such as virtual office solutions. Read more about free company formations right here. Use our free company name checker now to see if your ideal brand name is available. Recommended Readings

Discover how to launch a successful dog accessory business in 2024. Expert tips and strategies for entrepreneurs. Start your journey with Start Up A-Z. Starting a Dog Accessory & Clothing Business in 2024 12 min read Beginner's Guide Table of Contents Categories Is the pet accessory industry really for you? Steps to Start a Dog Accessory Business 1. Conduct market research and analysis How big is the dog clothing industry? 2. Create a solid business plan 3. Understanding your finances How much does it cost to start a dog clothing business? 4. Selecting and developing your products 5. Begin planning your brand 6. Set up your sales channels 7. Curate a marketing strategy 8. Ensure you’ve considered legal and regulatory guidance Start your dog accessory business with Start Up A-Z Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office There’s no denying that a lot of pet owners would be willing to spend a fortune for their four-legged, furry friends. In fact, the pet industry in the UK is experiencing remarkable growth, with pet owners spending approximately £8 billion annually on their beloved companions. This huge spending just shows how much we care about our pets – they're family. With around 13.5 million dogs in the UK and a growing trend towards premium pet products , there surely is a huge market for dog accessories and clothing. And as more and more people want the best for their pets, it seems like a thriving industry to be a part of. Wondering how to start a dog accessory business in the UK? In this blog, we’ll explore essential topics such as conducting market research, developing high-quality products, creating a brand, and implementing successful marketing tactics. When done right, launching a dog accessories business isn’t just profitable but also fulfilling as you cater to the needs of pet lovers eager to pamper their furry friends. Is the pet accessory industry really for you? Starting a pet accessory business can be super rewarding, especially if you’re a fur parent at best. You can create stylish products that dog owners love, and you could make a good living doing it. But like any business, building a thriving enterprise takes a lot of hard work - you'll need to find reliable suppliers, compete with big brands, and keep up with the latest trends. If you're passionate about pets and ready to take on a challenge, this business could be the perfect fit for you. Steps to start a dog accessory business Conduct market research and analysis To successfully navigate this market, it’s important to initially research your target audience and analyse their behaviour. Identify who your ideal customers are by looking into factors such as age, income level, and lifestyle choices as these are likely to affect what they’re looking for in a dog store. Tools like surveys and focus groups can also provide you with valuable insights into what pet owners prioritise when purchasing accessories and clothing. If you’re really serious, you might also consider using helpful resources and tools. Industry reports from sources like Statista can give you comprehensive data on market size and growth trends. Competitor analysis tools such as SEMrush or SimilarWeb can help you understand how other pet brands are performing online, while consumer survey platforms like SurveyMonkey or Google Forms can gather direct feedback from your potential customers. By understanding the current market, you’re set to make business decisions that align with market demands and consumer preferences, ultimately positioning your dog accessory business for success in this thriving industry. How big is the dog clothing industry? The dog clothing industry is part of a rapidly growing pet clothing market in the world. On average, Brits spend nearly £200 a year on clothes for their pets ! Globally, the industry was valued at approximately 6 billion dollars in 2023 , and is expected to grow to 9 billion by 2031. Pet owners fondly love to dress their furry companions up for fun, keep them warm, or even just show off their unique style. From cosy sweaters to fancy costumes, UK dog owners are embracing the trend and splashing out on adorable outfits for their furry friends. Create a solid business plan Next, you’ll need a business plan to guide your whole venture. It’s like a roadmap to help you navigate the ins and outs of your business journey and can help you figure out what you want to do, how you’ll do it and why it’s a good idea, giving you solid plans for the future. Your business plan is also crucial for securing funding from investors or lenders to show your business is on its road to success.If you’re new to creating one, we’ve created a guide on how to write a business plan you can easily follow. Understanding your finances While thinking about the money side of things may leave you feeling overwhelmed, the sooner you plan and understand your finances, the better position your business will be in. You’ll need to consider capital and operating costs such as company formation, legal fees, licences and permits, rent, website and domain, marketing and branding, inventory, packaging, employee salaries, and insurance, to name a few. Startup A-Z offers free company formation for starting your business, so you have one less thing to pay for.. According to pet accessories and business founders, it may cause you between USD 1,000 to USD 150,000 , an average of USD 15,000, as starting costs for your pet accessory business. That’s approximately £11,500 to start. While this might not be cheap, these costs can vary widely depending on the scale of your business and its location. How much does it cost to start a dog clothing business? Starterstory’s data from actual dog clothing businesses costs from USD 500 to USD 27,000 , or approximately £385 to £20,800. While this may still vary depending on your market, this data can give you an estimate of the costs to start. Selecting and developing your products Your core offerings can make or break your business. Consider being innovative, unique and trendy so fur parents can rave about your business. You might offer hypoallergenic and natural products or eco-friendly products for conscious individuals, for example. Here’s a list of products you could consider for your new business: Collars and leashes: Standard collars, harnesses, reflective collars, training leashes, retractable leashes. Toys: Chew toys, interactive toys, plush toys, fetch toys. Grooming supplies: Brushes, shampoos, nail clippers, grooming gloves. Apparel: Jackets, sweaters, costumes, raincoats. Feeding accessories: Elevated feeders, spill-proof bowls, travel bowls. Travel accessories: Car seat covers, travel crates, portable water bottles. If you’re planning to import products from other countries, there are EU regulations and standards for pet toys and accessories to consider too. Begin planning your brand If you want to make your dog accessory or clothing stand out in a saturated market, you’ll need to create a brand. It helps you be remembered in a crowded market, build trust with your customers, and increase the perceived value of your products. A strong brand involves creating a unique identity, telling a compelling story, and designing a memorable logo. By understanding your target audience, using social media effectively, and learning from successful brands, you can establish a strong brand presence that resonates with pet owners and drives business growth. Mungo & Maud , a pet and accessory store based in London, is known for stylish dog accessories, high-quality materials and chic designs that appeal to fashion-conscious pet owners. Their branding emphasises luxury and sophistication. And just like Mungo & Maud, you can focus on connecting emotionally with customers while maintaining consistency across all branding elements, to build loyalty and recognition over time. Set up your sales channels Selling pet stuff requires a multi-pronged approach. Many entrepreneurs choose to start online businesses due to generally lower startup and overhead costs. For more information, check out our detailed guide on how to start an online business in 2025 that covers everything you need to know about launching your business online. E-commerce platforms like your own website, Amazon, eBay, and Etsy offer diverse avenues to reach pet owners. If you have the budget, you might also explore brick-and-mortar stores, consignment agreements, and pop-up shops for in-person sales. When setting up your online store, it’s nice to choose a user-friendly platform like Shopify, Wix, or WooCommerce, and prioritise a mobile-friendly design. Make sure that you use high-quality images and competitive pricing for your product listings. You might also consider shipping strategies, whether local or international, as you might be including free shipping thresholds and international shipping options. As fur parents are increasingly mindful of the products they buy for their pets, it’s also important to prioritise customer service. Ensure prompt responses, clear policies, and loyalty programs when building your channels online. Curate a marketing strategy To get the word out about your dog accessory business, you can use a variety of marketing strategies. Social media is a great way to show off your products and connect with pet owners. Teddy Maximus, known for its luxury pet accessories, uses a high-quality gallery with dogs in their carriers to appeal to its customer base. Photo: Instagram / @teddy_maximus Partnering with pet influencers can also help you reach a wider audience, just like Carter chow chow and its owner Carl , flaunting their cute matching fits on their social media platforms. Photo: Instagram / @carterchowchow Posting high-quality photos and videos can definitely help you stand out, and hosting events like pop-up shops or community gatherings can be a fun way to connect with people. You can also encourage your customers to share photos of their pets using your products. Ensure you’ve considered legal and regulatory guidance Starting a dog accessory business in the UK also involves some legal and regulatory hoops to jump through. You'll need to register your business, pay taxes, and make sure your products are safe. This includes labelling them correctly and testing them to meet safety standards. Company registration: You must register your business with Companies House if you are registering as a limited company. Taxes: As a business owner, you are responsible for paying taxes, including Income Tax (for sole traders) or Corporation Tax (for limited companies). You must also register for VAT if your taxable turnover exceeds the VAT threshold (currently £95,000) Product Safety Standards: All products sold must comply with UK safety standards, which include the General Product Safety Regulations 2005 . This ensures that your products are safe for consumers and their pets. Product label: Labels should comply with the Consumer Rights Act 2015, which mandates that products must be of satisfactory quality and fit for purpose. Testing and Certification: Depending on the type of dog accessories you sell (such as toys or grooming products), specific testing may be required to ensure they meet safety standards. The government website , the British Standards Institution , and Trading Standards are great resources for information on legal and regulatory requirements. By staying compliant, you can protect your business and ensure a positive experience for your customers. Pet licences last only for a year, so you’d have to renew every year. Start your dog accessory business with Start Up A-Z The UK's love for pets is unconditional, making today an ideal time to start a dog accessories business. To succeed, you'll need a solid plan, innovative products, and effective marketing. From stylish collars to cosy sweaters, there's a huge market for innovative and high-quality products. So, if you're passionate about pets and ready to turn your hobby into a profitable business, you can register your company for free today with SUAZ. Recommended Readings

Discover the top freelance skills. Use this information to make informed career choices and identify opportunities that align with your interests and expertise. Sizing up freelance roles 10 min read Beginner's Guide Table of Contents Categories The most competitive freelance roles The benefits of pursuing a competitive freelance role The least competitive freelance roles The benefits of pursuing a less competitive freelance role Tips for succeeding in competitive markets Tips for succeeding in less competitive markets Conclusion Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office It’s estimated that there are around 4 million freelancers in the UK , a figure which has more than doubled in the last few years. With the cost of living continuing to rise and employers tightening their purse strings, many workers are turning to freelancing to boost their income. But, with so many choices out there, it can make it exceptionally challenging for freelancers to find work. But, with a little planning, freelancing can be incredibly lucrative – you just need to know what opportunities are out there. Check out our guide on how to set up a freelancer business in 2024 here. Naturally, you’re going to want to freelance in an area you know best. But, that might not necessarily be what potential clients are looking for. To give yourself the best chance of success, you need to understand market competition so you can offer skills that are in high demand. We’ve analysed listings on freelance job website Upwork to identify the most in-demand freelance skills. To determine this, we took the number of freelancers and divided it by the number of jobs to reveal the most competitive and least competitive roles. That way, you can use your skills to fill a gap in the freelance market and spend less time looking for work and more time making money. The most competitive freelance roles For the most competitive freelance roles, we’ve taken a look at the number of freelancers there are per listing. The most competitive freelance role, with 821 registered freelancers per job posted on Upwork, is marketing . However, this does include a wide range of skills, including SEO, social media marketing, email marketing, pay-per-click advertising and more. The more niche your services are, the less competition you’re going to have. Similarly, content marketing is the second most competitive freelance role, with 500 freelancers per job. Content marketing has huge SEO value and blogs and social media content are always in demand. Podcasts are also a popular form of content, so many freelancers offer their services in this area, with 214 freelancers per job posted. This is in part due to the equipment needed for podcasting now being more accessible and affordable than it has been in the past. Following the marketing trend, digital marketing has 203 freelancers per job listing, thanks to it being the perfect choice for remote freelancers. Plus, many businesses have a need for freelance digital marketing jobs in some capacity. Finally, the fifth highest competitive freelance role is AI art , with 202 freelancers per job. This is mostly due to the recent surge in AI generation and the affordability for both businesses and freelancers. It’s also an attractive role for moonlighters as it often doesn’t take a long time to produce. The benefits of pursuing a competitive freelance role While it can be tricky to find clients in a competitive market, there are benefits too. There’s usually a reason there are a lot of freelancers in a certain industry, such as the amount of opportunities. While you may find yourself the unfortunate recipient of many rejections, there are generally plenty more jobs right around the corner. Wide and varied talent pools can also attract established and well-funded businesses, giving you the chance to work with prestigious companies. The more freelancers there are, the greater the opportunity you have for networking. Building a network of contacts who are also freelancers can help get your name out there. Success in a competitive role can build you a strong reputation. But, getting there may take time and effort initially. The least competitive freelance roles Choosing to pursue one of the most in-demand freelance jobs can make it a little easier to begin your freelance career, especially if there’s less competition. For the least competitive freelance roles, we’ve taken a look at the number of job listings there are per freelancer available. The least competitive freelance role is remote notary , with 578 jobs per freelancer posted to Upwork. Unlike many freelance roles, to become a remote notary you need specific qualifications and legal authorisation, which can vary depending on location. You must also comply with local laws and regulations, which means you may be limited to working with local clients. The second least competitive role is pattern maker , with 157 jobs per freelancer. This is a highly specialised skill but can be lucrative if you have the experience. Next up, with 123 jobs per freelancer is technical recruiting , which requires a deep understanding of specific roles and industries, and can be more challenging than non-specialised recruitment. The fourth least competitive freelance role is data encoder . With many basic encoding tasks now possible using AI, many freelancers are reskilling – which means there are plenty of opportunities available for those who persist. Rounding out the top five, with 33 jobs per freelancer, is executive assistant . This is a role that requires trust, understanding and confidentiality, and freelancers with a strong reputation and experience can have a lot of success. The benefits of pursuing a less competitive freelance role There are plenty of benefits to pursuing a freelance role in a less competitive market that makes it hugely desirable and potentially profitable for skilled freelancers. Of course, the less competition you have, the more likely you are to secure work and spend less time looking for work. This ensures stability and you’re more likely to have consistent income. Speaking of income, with these specialist freelance skills in demand, you’re in a far better position to set your rates a little higher, as the lack of competition means clients are more likely to pay. With less competition, you have a great opportunity to establish yourself in a niche area, and potentially turn your side hustle into your full-time career. Tips for succeeding in competitive markets Just because a market is particularly competitive, it doesn’t mean you can’t be successful. Clients are keen to hire skilled and dependable professionals, so if this is you then there’s plenty of money to be made. Here are eight tips for succeeding as a freelancer in competitive markets: Continue to upskill and gain certifications to ensure you stand out from other freelancers Focus on a specific skill or area of expertise rather than being a ‘jack of all trades’ Ensure you stay up to date with trends, tools and technologies to ensure you’re adaptable and have all the latest knowledge and insight Build a strong portfolio to show off the experience you have in areas your ideal clients are looking for Ensure your rates strike a balance between being competitive and knowing your worth Build a network of client and peer relationships so you become a go-to professional Invest in marketing and build your personal brand as a freelancer Never over promise, which can be challenging if freelancing is your side hustle – remember to ensure you still have downtime Aliyah Loughlan, freelance Digital PR consultant , shares her experience with freelancing, describes the ups and downs and shares how to succeed in a competitive market. “Freelancing comes with its challenges just like any other role - it’s not all slow mornings, gym sessions whenever you want and a chilled lifestyle as many people like to think. “In order to thrive in the digital PR industry as a freelancer you need to ensure you’re committed to building a strong portfolio that is results-driven and clearly shows the coverage, links and traffic you’ve helped drive to previous clients’ websites. Not only do you need to promote yourself in a professional but approachable way, you need to ensure you’re always putting yourself out there. “One thing about our industry is that it’s full of amazing freelancers. So, although there’s competition, it’s about supporting one another too - for example, if there’s a lead you aren’t suited to, pass it on to someone you think it would be perfect for. Being kind and supportive really does go a long way in this industry! “Another way to achieve success in this industry is to network. Our industry is full of lots of free and amazing conferences where you can network and find clients who may be looking for PR services. Not only are you potentially learning a thing or two from the lineup of speakers, but you’re broadening your list of potential clients.” Tips for succeeding in less competitive markets Even though it can be easier to find clients in a less competitive market, you still can’t expect to stumble into success without putting in the effort. Here are eight freelance tips for finding success as a freelancer in less competitive markets: Make the most of your specialised skills and emphasise to clients what sets you apart Network with niche professionals and build a support network you can use to share workloads and offer recommendations Broaden your skill set so you don’t restrict yourself to a certain type of project to help avoid burnout Don’t be tempted to deliver a substandard service just because there’s little competition as this can hurt your reputation Be flexible and offer bespoke solutions to your clients needs to help them meet their goals Keep up to date with industry trends and developments Manage your time well and don’t overpromise, which can lead to an impact on your day job and affect your downtime Build a portfolio filled with testimonials and case studies to prove to prospective clients that you’re the right person for the job Conclusion There’s a lot to think about before diving into the hectic world of freelance, especially if it’s not something you’ve dabbled in before. Even if you’re a leading expert in your field, during the early days it can still be tricky finding clients. The key is to sell yourself, be patient and understand that clients have their pick of the litter. It’s about making sure you find the right clients for you and you offer your services competitively. Freelancers who work in less competitive markets don’t necessarily have it easy, but finding clients isn’t quite the same sort of slog. But, even freelancers in less competitive markets still need to have dedication and perseverance, as things still aren’t likely to be served up to you on a plate. That being said, freelancing is the perfect way to boost your income by doing what you love and excel at. Not only can you earn money, you can grow your career and even turn freelancing into your full-time job. Sound like something you want to do? If you're ready to start your freelance business, check your business name is available and SUAZ will help you set up the rest . 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Learn the key differences of paying tax, personal liability and more if you’re weighing up whether to run a business as a sole trader or a limited company. Self Employed vs Limited Company - What’s Best? 12 min read Company Formations Table of Contents Categories What’s the difference between a sole trader and a limited company? Tax differences between self-employed and a limited company Tax if you’re a sole trader How much can you earn self-employed before paying tax? Tax if you’re a registered limited company VAT Could I change from a sole trader to a limited company? Greater pension options Reduced risk of personal insolvency You could sell your business Weighing up your options to form a company Let SUAZ help you on your business journey Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office No feeling compares to taking the leap to start your own business. Financial freedom, flexible working hours and the ability to build a culture you care about - the list of benefits is endless. From doing your research, you’ll know there are several big decisions you’ll need to make as a business owner - and we’re not just talking about the paint colours of your new office. You’ll need to decide on the structure of your new business, and weigh up the pros and cons of a self employed vs limited company. Below, we’ll uncover the difference between a sole trader and limited company, so you can figure out which business structure works best for your new venture. What’s the difference between a sole trader and a limited company? While operating as a sole trader or limited company won’t change your role as a business owner, there are numerous differences to consider when you compare limited company vs self employed in the UK. We’ve put together this table to outline the differences between a sole trader and limited company, so you can match your needs to a business structure that works for you. Sole trader Limited company You’ll need to register with HMRC to let them know you’re self-employed Limited companies are treated as separate legal entities, meaning you aren’t personally responsible for your business’ losses or debts You’ll be personally liable for any business debts or financial losses Most limited companies are ‘limited by shares’, meaning they’re owned by shareholders. You can own 100% of the company, or a percentage of it depending on the weighting between shareholders If you’re sued, your personal assets may be at risk It will cost you money to register as a limited company (a £50 registration fee) but SUAZ covers the cost to make it more affordable for you to chase your dream It doesn’t cost you anything to get started as a sole trader - but remember, you’re personally liable should things go wrong financially When your business is registered you become a director of the company Tax differences between self-employed and a limited company A key difference between becoming self-employed and forming a limited company is tax. Below, we’ll explore some of the tax implications of a self employed vs limited company. Tax if you’re a sole trader As a sole trader, you’re responsible for keeping on top of your taxes. How much tax you pay will depend on the profit you make and how much income you earn each financial year (which runs April-April). Once your income exceeds the tax-free personal allowance threshold, which is £12,570, you’ll need to pay tax on anything you earn over that amount. Sole traders pay between 20-45% income tax, whereas limited companies pay only 19% corporation tax, making them more tax efficient. Those who are self-employed are also required to pay National Insurance Contributions (NICs) and the class you pay depends on the profit you make. If you make a profit of £6,725 or more a year, Class 2 contributions are treated as having been paid to protect your NI record, so you don’t need to pay Class 2 contributions. If you earn less than this a year, you don’t need to pay anything but can choose to make voluntary Class 2 contributions to protect your NI record, so you qualify for certain benefits and the state pension. Make more than £12,570 a year? You’ll need to pay Class 4 Contributions, which for the 2024-25 tax year are as follows: 6% on profits of £12,570 up to £50,270 2% on profits over £50,270 How much can you earn self-employed before paying tax? You’ll pay tax on anything you earn over the standard Personal Allowance, which for the 2024/25 tax year is £12,570. Tax if you’re a registered limited company As a limited company, you’ll pay corporation tax, which is typically less than the income tax you’d pay as a sole trader. If your business made more than £250,000, you’ll pay the main rate of corporation tax which is 25%. If your company’s profits were £50,000 or less, you’ll pay the small profits rate of 19%. As a company director, you may choose to pay yourself a mix of salary and dividends, meaning your salary amount is smaller, and in turn, you’ll pay less tax. Dividends are taxed at a lower rate , allowing you to maximise your take-home pay. This method also lowers the amount of National Insurance you’ll pay. As the director of your limited company, you’ll pay two types of National Insurance contributions - the company itself will pay NIC as an employer, and you’ll also pay it on your salary. You’ll be responsible for paying National Insurance through HMRC’s PAYE (Pay as You Earn) system, as part of your business’ payroll. Limited companies are also required to file annual reports to Companies House, which become available to the public. These accounts include details on your profits and losses, a balance sheet, a director’s report, an auditor’s report and your name and signature. VAT Whether you’re a sole trader or limited company, you’ll need to register for value added tax (VAT) if your turnover goes over £90,000 - the VAT threshold. You can also choose to register for VAT if your turnover is less than £90,000, known as voluntary registration. Currently, in the UK, the rate of VAT is 20%. A good way to think of it is your business isn’t paying VAT - instead, you’re charging your customer, for you to then pay HMRC. You’ll then complete a VAT tax return, usually quarterly, to let HMRC know how much VAT you’ve charged. You’ll need to include your total sales and purchases, the amount of VAT you owe, the amount of VAT you can reclaim and the amount of VAT HMRC owes you. You can submit your VAT return using compatible accounting software, through an agent or accountant, or by using your online VAT account . Could I change from a sole trader to a limited company? You have the freedom to operate as a sole trader initially while you find your feet, and later decide to register your business as a limited company. Just because you started out as a sole trader, it doesn’t mean you can’t change your mind further down the line. But, it’s important to be aware of the challenges many new businesses face. According to the UK’s self employed survival rates for 2025 , a significant number of sole traders close within the first few years. Understanding these survival rates can help you plan your business journey more effectively. Changing from a sole trader to a limited company could shield you from financial risk. This is because a limited company is treated as a separate legal entity from its director, meaning you won’t be personally liable should your business suffer financially. You may also benefit financially when it comes to business tax. Rather than paying between 20-45% income tax, you’ll pay corporation tax at 19%. As a director, you can also choose to take home a smaller salary and receive your additional income as dividends to help lower your tax bill. There are further benefits to registering as a limited company including: Greater pension options As a sole trader, you’ll only be eligible for a personal pension and you can’t deduct your pension contributions as an expense of your business. This means your contributions will need to come from your take-home pay after tax. You’ll still be eligible for the State Pension as long as you have ten qualifying years on your National Insurance record to get any state pension, and at least 35 years to receive the full State Pension. Operating as a limited company can unlock greater pension options. Your pension contributions can be treated as an allowable business expense if the payments are ‘ wholly and exclusively ’ for the purposes of the profession, trade or vocation. What does this mean exactly? Well, you can offset the pension contributions against your business profits and in turn reduce your corporation tax bill. As a limited company, you may also have the chance to join or provide a small self-administered scheme, known as an SSAS pension - a type of workplace pension that is independently managed by the company that sets it up. Reduced risk of personal insolvency As we mentioned earlier, as a limited company you have the legal protection that should your business face financial difficulties, you won’t be personally affected. This is known as limited liability , which protects you should your business ever struggle with debts, financial losses or liabilities, the business itself is responsible for them - not you individually. This is because, in the eyes of the law, your business is classed as an ‘individual’ and separate legal entity. You could sell your business You never know what the future holds - one day you may feel ready for something new and choose to sell your limited company. Remember, if you have more than one owner, all shareholders will need to agree to the sale first. You may also need to pay capital gains tax if you make a ‘capital gain’ when selling your business. Weighing up your options to form a company Deciding which business structure suits you best can feel tricky, especially when you consider the differences between a sole trader and limited company. To help you weigh up your options, we’ve put together this comparative table comparing a self employed vs limited company. Advantages Disadvantages Sole trader You’ll have full flexibility and control over your business without the input of shareholders You don’t need to register your business with Companies House, meaning you’ll have less paperwork to complete You keep all profits after tax You aren’t legally separate from your business, so you’ll be personally liable for any business debts Your personal assets are tied to your business The tax you pay will depend on your income (between 20-45%) Limited company As the owner of a limited company, you’re financially protected should your business suffer financially Your personal assets aren’t tied to your business Your limited company is treated as an ‘individual’ and is a separate legal entity You’ll pay corporation tax at a flat rate (19%) Control is shared between owners, known as ‘members’ You have to register your company with Companies House and pay a registration fee (unless you register with SUAZ - we’ll cover the registration fee for you) Your profits are taxed via corporation tax, income tax and National Insurance Let SUAZ help you on your business journey If you’re looking to start your own business, there’s no reason to wait. Why not let SUAZ help you on your road to success? We can help you form your limited company and even take care of the registration fee, completely free of charge. Apply to form your company and reap the rewards you deserve. Recommended Readings