Business location and turnover as a sole trader

[Ty Korrigan]

Hello,

 Looking for feedback from those who have moved area and taken their business with them.

I'll probably need to move in the next year or so out of town as property prices locally are unaffordable plus growing faster than our abilities save money.

Rental properties are thin on the ground and more than a mortgage would be if we moved away.

I've tried and so far failed to find an address to domicile the business, currently sole trader but going ltd in the future.

Domiciliation services exist in in other areas but not in mine.

So any move to an affordable area effectively means taking the business with us for Google and Yellow Pages unless a local address to domicile is found.

Why is this important?

Because I'm located in a sweet spot for work, the demographics work in my favour.

75% of my clients are within 15kms

Moving to an affordable more rural area takes me away from the gold mine unless I find a suitable address to domicile an ltd company.

People tend to call the closest businesses first.

I generally find that the further away the call the lower the chance of having the quote accepted especially in more rural areas.

I've a good reputation as the local Arb business and am reluctant to effect this by moving away for cheap housing.

A move will also take me further away from my subbies.

I also am less keen on travelling far for work than I was before my kids came along.

Has anyone made a move and found that their turnover took a hit or the time spent quoting became insufferable?

It's a bit like how I felt moving school at 13

       Stuart

 

 

 

 

 

[Mick Dempsey]

Why go ltd?

Stay sole trader and no one knows any different.

[Ty Korrigan]

3 hours ago, Mick Dempsey said:

Why go ltd?

Stay sole trader and no one knows any different.

To separate our home address from that of the business.

To enable us move away from an area of unaffordable housing (yet rich in clients) to an area of affordable housing whilst the business remains domiciled in it's town of origin.

The domiciliation part is proving difficult though.

 

[Retired Climber]

10 minutes ago, Ty Korrigan said:

To separate our home address from that of the business.

To enable us move away from an area of unaffordable housing (yet rich in clients) to an area of affordable housing whilst the business remains domiciled in it's town of origin.

The domiciliation part is proving difficult though.

 

Are you not in the UK? In the UK that would be no problem to sort out. 

[Ty Korrigan]

27 minutes ago, Retired Climber said:

Are you not in the UK? In the UK that would be no problem to sort out. 

No, France.