Say I was to trade as a Sole Trader, and I sold something that a kid choked on... would I be liable for things like that as well, or is it just the economical side?

If yes, how much would insurance be approx for a small web shop with a turnover of 50quid a month?

Note! I'm not doing my shop for the money, i just want the experience plus something to do in the evenings and also I want to have it on my CV

 

Hanrik - is there much of a market for things that choke kids though ??

 

chokes R us?

 

Hehe, maybe not... but say they were to like eat a bolt or something or say they bought a kids toy that fell apart after the baby put it in its mouth and it fell down it's throat and then bla bla... you get the point


Another question... My rental contract says I'm not allowed to run a business from the address... Is it legal to have the 'company address' as a P.O. Box? I do *not* want to spend 160 quid a month renting a serviced office just to get a stupid postal address

Also, my former boss has an office, and he said that I can register the company at his address for the lovely sum of 250 a year... This means that the official address would be the old office i used to work at, but I would infact be doing all my trading somewhere else and rarely set foot in the 'real office'.. Is this legal?

Are there any other options?

 

Registered address can be that of your accountant. Small charge normally, but not £250.

 

good point, but the whole point of being a sole trader is i don't need an accountant and other expenses

More ideas?

 

perhaps not being so tight? You have to speculate in order to accumulate mate.

 

it's not just the expenses... it's also a lot of hassle dealing with accountants and stuff for a web-based shop that will probably generate little earnings anyway

 

Made me laugh, mine turned up yesterday in a Ferrari 360 ragtop.

His new Bentley is due in March too.

I shan't even mention the other vehicles in his garages!!

Oh the irony, again!

 

If its a web based business you could argue that the business is not run from home it is on a web server somewhere!

 

CEL was a director for his dads company. Years later he still has to fill the self-assesment out. Well, I fill it out for him

 

Good luck phil.

need any staff

[Edited by super_si - 11/12/2003 6:23:54 PM]