Setting up business as 2nd income?

[Alfie7]

Hi all, please excuse as i am new to the forum. I was after some business related advice regarding setting up a business as a 2nd income.
my current situation is I am employed by local authority (12 yrs) as a supervisor earning 30k, however I am looking at setting up on my own as a sideline to start with until I get a steady flow of work, with the intentions of making it my permanent employment. Any advice on the following would be greatly appreciated. Thanks

1. Set up as sole trader or ltd company? And why?
2. What do I need in place to start up?

Any other useful info is also appreciated. Thanks again.

 

[Knobhead]

"Until you have an accident" ?

Tony can you please expand on that.

Following an accident he would be unfit/unavailable for work due to his 2[SUP]nd[/SUP] job. As he wouldn’t be in the employ of the LA they have no obligation to him.

Unfit/unavailable for work in those circumstances = dismissal from his £30K position with no redress against his former employers.



He’ll be out on his ear, given the sack to take his tools home. He’ll have bugger all chance of getting his accrued pension or state benefits.
Is that simple enough for you?