mountianrider Posted March 7, 2016 Posted March 7, 2016 Are there many / any sole traders in the industry or is everyone LTD? Can a one man band get SSAIB? Quote
PSE Posted March 7, 2016 Posted March 7, 2016 Yes you can, but you would need to buddy up with another provider to cover call outs etc Quote
datadiffusion Posted March 7, 2016 Posted March 7, 2016 Just to be clear to the OP it's the same if you're Ltd but with only one person Quote So, I've decided to take my work back underground.... to stop it falling into the wrong hands
PeterJames Posted March 8, 2016 Posted March 8, 2016 Ltd here, it is a safer way to trade it stops anyone coming after your house should it all go toots up. I know you think it will never happen to you, but I have had electrical contractors go bust on me owing up-to £6k at a time before now. I would not have survived if that had happened in the first two or three years, there were months when I wasnt paid just so I could pay wages and suppliers, if I lost even £2k I would have been in trouble, at that time, not even my cc would have covered it. Quote
mountianrider Posted March 15, 2016 Author Posted March 15, 2016 Is there many people that go sole trader? I am not SSAIB and have a cash account at my suppliers, can't see any way of getting in trouble? Quote
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