GovWire

Set up as a sole trader: step by step

Intellectual Property Office

May 23
14:06 2024

What you need to do to register as a sole trader, plan for your tax bill and get help and support.

  1. Step 1 Check if being a sole trader is right for you

  2. Step 2 Choose your business name

  3. Step 3 Check what records you need to keep

    When you start trading you must keep records. This will help you work out your profit or loss for your tax return.

    1. Find out what business records you need to keep
  4. Step 4 Register as a sole trader

  5. Step 5 Check if you need to register for VAT

  6. Step 6 Plan for your tax bill

    Monday, 1 Aug
  7. Set up as self-employed (a 'sole trader'): step by stepFriday, 20 Oct
  8. Set up as self-employed (a 'sole trader'): step by stepMonday, 23 Oct
  9. Research: COVID-19 – SME and sole-trader opinion trackerThursday, 14 Sep
  10. Re-verification of Information Fair Trader SchemeMonday, 23 Nov

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