Do I have to register as a business?

Discussion in 'General Business' started by lui2603, Dec 18, 2008.

0
  1. #1
    In order to sell digitally products (scripts, graphics, membership/subscriptions) from my website legally, do I have to register as a business? Or just say I'm self employed?

    I live in the UK if that changes anything :/

    Thanks
     
    lui2603, Dec 18, 2008 IP
  2. Scoty

    Scoty Active Member

    Messages:
    620
    Likes Received:
    8
    Best Answers:
    0
    Trophy Points:
    60
    #2
    I actually don't know the answer (probably best asking a lawyer or the like) but my opinion is if you want to do things 100% legally then register as a business, only like £30 a year or something I think. Also probably depends if you live under Scots Law or England & Wales, I could be wrong
     
    Scoty, Dec 18, 2008 IP
  3. michael_nguyen

    michael_nguyen Active Member

    Messages:
    203
    Likes Received:
    3
    Best Answers:
    0
    Trophy Points:
    58
    #3
    for uk theres an amount that is untaxed, i think first £4k or so anymore than that then you should find info for paying tax
     
    michael_nguyen, Dec 18, 2008 IP
  4. Colbyt

    Colbyt Notable Member

    Messages:
    3,224
    Likes Received:
    185
    Best Answers:
    0
    Trophy Points:
    210
    #4
    I participated in another thread like this one with a person from UK sometime in the last 12 months.

    I seem to recall some type of registeration was required but I'm not positive of that.

    I did not know the correct answer but it came out in the course of the thread.

    If you don't get the answer in this thread maybe you can find it that way.
     
    Colbyt, Dec 18, 2008 IP
  5. mentos

    mentos Prominent Member

    Messages:
    15,280
    Likes Received:
    473
    Best Answers:
    0
    Trophy Points:
    330
    #5
    Actually you no need to register as a biz coz it not worth it and the tax will be very low and causes its unpractical to filled for tax.
    However if your turnover is around $20/annul then you should consider register as biz especially at uk
     
    mentos, Dec 18, 2008 IP
  6. Dr Googler

    Dr Googler Banned

    Messages:
    321
    Likes Received:
    9
    Best Answers:
    0
    Trophy Points:
    0
    #6
    yep u need to setup a business, i would advice to get a Ltd business "£80 setup" then £15 filing fee a year.
     
    Dr Googler, Dec 18, 2008 IP
  7. kess070

    kess070 Well-Known Member

    Messages:
    611
    Likes Received:
    12
    Best Answers:
    0
    Trophy Points:
    125
    #7
    Hi

    In the UK you have 2 main options

    1. Set up as self employed
    2. Set up a limited company

    My preference is to set up a limited company mainly because if you set up as a self employed business, then you are personally liable for your business dealings

    I have answered someone else on setting up a limited company in the UK for abot £30 to £40 here:

    http://forums.digitalpoint.com/showthread.php?t=1083349

    I hope that helps

    K
     
    kess070, Dec 19, 2008 IP