Do i need to register a kitchen and bathroom fitting business. its a partnership and not sure if i need to reg
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Im just starting up a small kitchen and bathroom fitting business, its a partnership and wasnt sure if i need a company number, i know i dont need to register for VAT as i wont be earning the amount needed to register for that. But do i need to register anywhere else, ill be working from my home address as i dont need premises as ill be working in peoples houses. any advise would be kindly appreiated.
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Answer:
Answerer 1 is correct. Also, to avoid some of the pitfalls of partnerships, get a deed of partnership, not legally required but you can end up in the brown stuff if anything goes wrong and you dont have one! Seek legal advice on this one.
mands at Yahoo! Answers Visit the source
Other answers
Make sure you contact the Inland Revenue to advise you are going self employed as you can get fined if you don't contact them with 3 months I believe. As a partnership, you won't need to register with Companies House, but don't forget that partners are jointly and severally liable. i.e. if your partner disappears and the partnership owes money to trade creditors, you'll typically remain liable. Are you also sure you won't go above the VAT threshold as a partnership? Also, get proper insurance.....just in case you burst a water/gas pipe in someones house! Good luck.
Gordon S
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