Active discussions

Meet the Other Phone. A phone that grows with your child.

Meet the Other Phone.
A phone that grows with your child.

Buy now

Please or to access all these features

Talk
Money matters

Find financial and money-saving discussions including debt and pension chat on our Money forum. If you're looking for ways to make your money to go further, sign up to our Moneysaver emails here.

Original poster

What sort of business entity should I be?

17 replies

Katymac · 15/10/2006 18:23

Sole trader?
Partnership (who with?)
Ltd company
PLC

It's for my nursery...& I'm a bit confused by it all

I am currently a sole trader & I don't even do the "trading as...." thing

I have a deposit account atm

OP posts:
lulumama · 15/10/2006 18:24

ltd i think better....esp. if you have problems as stops you being personally liable and losing all your worldly goods...

suggest you wait until someone cleverer than wot i am comes along

SherlockLGJ · 15/10/2006 18:25

Limited.

SherlockLGJ · 15/10/2006 18:25

BRB with more information,

Original poster
Katymac · 15/10/2006 18:25

How do i do that?

OP posts:
Original poster
Katymac · 15/10/2006 18:25

Whats BRB?

OP posts:
ediemay · 15/10/2006 18:27

Your tax position would usually be better as a limited company. It would be good if you could get some independent advice from a business advisor. The economic development unit of your local council might be able to help. Good luck with it all!

lulumama · 15/10/2006 18:30

if you have a business link near you, they are helpful

local chamber of commerce

small business partnerships

some towns have women only small business groups

SherlockLGJ · 15/10/2006 18:31

BRB

Be right back.

SherlockLGJ · 15/10/2006 18:33

This might help.

Original poster
Katymac · 15/10/2006 18:34

I thought it was a type of business I hadn't thought of

Another major decision is whether to use the "Walnut Corner" name I already have (corporatye image) or to use a new brand

OP posts:
SherlockLGJ · 15/10/2006 18:36

Well to be honest, Walnut corner does not do it for me.

Sounds a bit old and shrivelled up,IYKWIM

Original poster
Katymac · 15/10/2006 18:37

Have you seen my website......it's .co.uk

OP posts:
SherlockLGJ · 15/10/2006 18:43

Great website.

SherlockLGJ · 15/10/2006 18:43

Walnut Tree Corner ???

Original poster
Katymac · 15/10/2006 18:48

If I change the name will people know it's still me?

I thought either the same name eg Nursery@Walnut Corner or something different I had chosen Snapdragons Daycare when I was going to be working with the school - but now I'm going it alone I wasn't sure

I have a lovely dragon logo

OP posts:
Ladymuck · 15/10/2006 19:02

Would you rebrand your existing business as well. If so people will get to grips with the change very quickly. ic ertianly wouldn't try to operate under 2 different names if I were you. Regaridng business type, yes you definitely should get advice on this. There shoudl be a local organistaion who can help. Did you get any funding at all?

Original poster
Katymac · 15/10/2006 19:04

Ladymuck - the nursery doens't exist yet

My childminding does

I think they will be separate businesses

I want to keep childminding@WalnutCorner

I'm confused

OP posts:
New posts on this thread. Refresh page