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  • New and need help!!

    Hi , I have started making bracelets abound selling at local fetes / fairs . The only thing I have been asked for is insurance , public liability.
    I am very unsure of what else I need to do ? Do I need to register even if I am not making great deal of money ? Also how do you find out if it's ok to call your business a name that someone else may have , even in a different country ? For example I started a facebook page but the name I called it , I realized after is a name a few others on facebook have used. Please any advice is needed I am totally in the dark !! I am really loving what I am doing now but am feeling very worried about the legal business side of things, would love may help.

  • #2
    to the forum. You must have public liability insurance, otherwise you could end up losing everything you have if someone injures themselves on/at your stall. Whilst that might seem unlikely, it is far better to be safe than sorry - and it generally costs around £50 for the year.

    With regards to tax you must register as self-employed with HMRC, even if you also have a job elsewhere. I cannot overstate the need for this, as they are particularly cracking down on traders who are not registered. It doesn't mean you'll have to pay tax, for example my business has been running less than a year and I have not made a profit yet - which means I won't pay any tax.

    As far as I'm aware there is no need to make sure your name is unique to you, unless you're attempting to portray yourself as someone else (i.e. calling yourself Disney). If you are thinking of your own website, you can check whether your preferred domain name is available (Google domain names and you should come across sites that will allow you to purchase a domain name).

    That's all I can think of for now but if you have any more questions you can always send me a message (tab at the top of the screen). It is definitely worth your while to sit down with a cuppa and have a read through the forum there are tonnes and tonnes of threads that might help you, and also people who sell jewellery will be able to help you for any jewelery specific questions (I sell cards)
    Lucy Blossom
    Shop and blog: http://www.lucyblossomcrafts.co.uk
    https://www.facebook.com/LucyBlossomCrafts

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    • #3
      Hello and welcome to the forum. You should consider getting product liability as well as public liability insurance. i also echo everything that Lucy has said.

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      • #4
        Hi and welcome. There are soooo many threads on here dealing with all aspects of that vast subject. If you do a search, top right, and put in 'insurance' or another related word they will all come up and you can have a nice leisurely few hours reading up. lol.
        Carol
        God helps them that help themselves.

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        • #5
          Hi thanks for all your answers, I will have a look and see what I can find out. Just wondered if you need to pay when you register? Thanks

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          • #6
            not with HMRC - they only charge for tax if its due, and its not an instant demand either
            Lucy Blossom
            Shop and blog: http://www.lucyblossomcrafts.co.uk
            https://www.facebook.com/LucyBlossomCrafts

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