Start up as a sole trader

[t0ny0k]

I'm presently helping my son who is 24 to start up as a sole trader. my question is if I work with him what is the best way to set up his company. I plan to work with him part time as free labour,should I just class my self as a sub contractor,an employee or maybe a partner as I have a financial interest in the company.

I understand he will require employees insurance , just want to stay on the right side of the law and the tax man.

[arboriculturist]

  t0ny0k said:

I'm presently helping my son who is 24 to start up as a sole trader. my question is if I work with him what is the best way to set up his company. I plan to work with him part time as free labour,should I just class my self as a sub contractor,an employee or maybe a partner as I have a financial interest in the company.

I understand he will require employees insurance , just want to stay on the right side of the law and the tax man.

 

He is just a 1 man band, so register as self-employed with HMRC. You are not being paid so not an employee. Some time ago I was made aware that family members do not come under the employers liability insurance regulations. You are quite at liberty to give your son a personal loan without any legal connection with the business. Keep things simple unless you like red tape or admin. Good luck with his business.

[t0ny0k]

Thanks for the quick reply,just trying to put everything in place. Just starting out small doing trees,gardens,fencing etc. will probably get a chipper. Biggest problem is the correct vehicle. Originally my son was going to do his B & E license but I'm not sure if the 3.5T limit will be adequate for removing waste. Should we plan for now or should he do a small goods vehicle license so he can drive bigger vehicles, any suggestions.

[arboriculturist]

3.5T diesel tipper ideal for your business. Don't forget your 'Waste Carriers Licence' from E. Agency - do it online, 3 years cover.

[t0ny0k]

I have been looking at a 3.5T tipper I was worried about how much waste I could carry without my son being over the 3.5T limit allowed on his license. So many small things to consider and check out before pushing the button and going alone.

[Fredward]

What about a large braked trailer as well as a 3.5T?

[t0ny0k]

That's a possibility, I will look into the new license laws to see if that's possible.

[gensetsteve]

I seem to remember if you ask a member of the public to just move one of your barriers over a bit technecially they have become an un paid employee. Or basically you need employers liability insurance even for volunteers. For one man plus one should be cheap to add to your public liability insurance.

[hamdogg]

  arboriculturist said:

3.5T diesel tipper ideal for your business. Don't forget your 'Waste Carriers Licence' from E. Agency - do it online, 3 years cover.

 

 

Wast carriers licence is something I need to look into really

[hamdogg]

  hamdogg said:

Wast carriers licence is something I need to look into really

 

 

All done