I'm a totaly newbie but will be losing my job in the next few weeks. I want to set up on my own doing graphic design with a company name. I also will be trying to sell painting but under my own name, it would not be connected to the graphic design companys name. Obviously i will not be making much money for a while but i want to start on the right page so i dont have to modify the company name etc in the future if i havent set things up correctly. I will also need a vat number.
What would be the best way of doing this?
1. Sole trader with a business name
2. Halo Limited company set up in the company name (which could encompass botht he painting and graphics)
3. Other suggestions?
Any help would be much appreciated!