hi everyone, over the next few weeks i will be building my own website which will advertise electronics/gadgets for sale. i will not be selling these products directly,these producs will be sold by amazon/ebay etc its my objective to bring targeted traffic to my site where the products are advertised and then be paid commission by google/affiliate juction/ebay etc if/when a sale is made.i have done extensive research and am confident i can make good money doing this over time.
At the moment im working a 9 to 5 job and earning 25k. i plan on keeping this job aswell as running my affilate website. I want to make sure all of my income is declared and everything is all legal. i have read the pro's and con's of LTD company versus sole trader, the obvious advantage of the LTD company is the low rate of 12.5% corporate tax.i dont expect to make a huge amont of money the 1st year but the problem im facing is whether to register as a sole trader or LTD company? this is where i need some opinions/advice. Also i am unsure whether i should register for VAT? my website will have no overheads at all except my broadband bill, hosting for the site is free, i will run the site from my home. i will be paid on a commission only basis.
so.......... sole trader Vs Ltd co.
opinions/suggestions/comments welcome
thanks
jigsaw
At the moment im working a 9 to 5 job and earning 25k. i plan on keeping this job aswell as running my affilate website. I want to make sure all of my income is declared and everything is all legal. i have read the pro's and con's of LTD company versus sole trader, the obvious advantage of the LTD company is the low rate of 12.5% corporate tax.i dont expect to make a huge amont of money the 1st year but the problem im facing is whether to register as a sole trader or LTD company? this is where i need some opinions/advice. Also i am unsure whether i should register for VAT? my website will have no overheads at all except my broadband bill, hosting for the site is free, i will run the site from my home. i will be paid on a commission only basis.
so.......... sole trader Vs Ltd co.
opinions/suggestions/comments welcome
thanks
jigsaw