Where do i start?

[martin p]

I have worked as a plant operator for the last 25 years and am now at the point where I have had enough.

I have built up a huge amount of kit over the years and I am now thinking of setting up as a part time sole trader doing landscape/garden maintenance work, hedge laying ,fencing etc all stuff I have done on the side for years.

 

Question is how do I set up a business part time at first maybe taking a bigger leap as time goes on?

[Steve Bullman]

Are you self employed at the moment?

[martin p]

Not at present but about to register and stay paye in my present job while getting established.

 

[Steve Bullman]

Well thats the ideal scenario, to work on a freelance basis filling in your empty days with other companies.  Build up your own work on the side.

[martin p]

2 minutes ago, Steve Bullman said:

Well thats the ideal scenario, to work on a freelance basis filling in your empty days with other companies.  Build up your own work on the side.

Thanks steve i understand that but would I be able to bring my existing kit into the business tax wise as already bought privately prior to start up?

[Steve Bullman]

Absolutely.  Might be worth looking at going limited if you have stuff to move into the business.  There could potentially be a tax free payout.  I did similar when I went limited, although I was a sole trader.  How it differs between a sole trader and employee I don't know.  Get a good accountant on the case.