Calling all self employed sparkies for advice.
First, recap of my situation. Been doing up old houses as a side line for last 4-5 years and have now decided that being an electrician is for me and want to be self employed. Currently finishing 2330 level 2. Starting level 3 in september and will fit in 2381(2) in April - June next year. After all that want to do part p through NICEIC etc etc. so I can be official (absolute hatred of cowboys, but that's another story!!).
My questions are as follows:
1) What are pros and cons if you are on your own of being a sole trader or creating a limited company?
2) Does anyone take out loss of earnings insurance if for instance you fall and break a leg. If so can this be taken out when you first start (ie proving income).
Your advice so far for technical questions has been brilliant and have been learning loads especially from pic of the week.
Many Regards
Richard
First, recap of my situation. Been doing up old houses as a side line for last 4-5 years and have now decided that being an electrician is for me and want to be self employed. Currently finishing 2330 level 2. Starting level 3 in september and will fit in 2381(2) in April - June next year. After all that want to do part p through NICEIC etc etc. so I can be official (absolute hatred of cowboys, but that's another story!!).
My questions are as follows:
1) What are pros and cons if you are on your own of being a sole trader or creating a limited company?
2) Does anyone take out loss of earnings insurance if for instance you fall and break a leg. If so can this be taken out when you first start (ie proving income).
Your advice so far for technical questions has been brilliant and have been learning loads especially from pic of the week.
Many Regards
Richard