Really pleased to have come across this site - looks liek you guys have some pretty good answeres to some of the questions I have. There's a few that I've not been able to find the answers to yet though!
Basically, I'm setting up a small online gift list service. Turnover is a funny one to judge, as my profits will come purely from a quite slim commision, so I'm hoping for around £25-50k a year going through my bank account, but most of this will go straight out again.
Areas I could do with advice on:
1) As a sole trader, what limitations are there on what I can call my company? Does it even officially exist as an entity? I would like to be able to use the name with a suffix, like "ltd", (eg "a1dan ltd" as opposed to just "a1dan" - in order to make communications look a little more professional) but I'm guessing that "ltd" isn't allowed unless you are actually a ltd company?
2) Job title - I've seen a thread talking about this, and am aware that it's fairly open. Wondering what people would advise as a professional sounding, (and legal!) title for myself, bearing in mind it's an online service, and I'll basically be doing everything!
3) While loking at busines banking, I came across some stuff about being a "Money Service Business". Anybody know anything about this, and whether I would count as one, as I am essentially transferring money between people?
4) Does the 25-50k mentioned above count as my turnover? In which case, may I be in a position of having to become VAT registered if this figure pushes up to the threshold, whihc I've read is around £60k?
Think that's all for now, but I'm sure there'll be plenty more I think of! Thanks in advance...