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Originally Posted by Nidge
I'm not looking at getting big I just want something to give me a decent living maybe something to pass down to the kids when they grow up.
My wife works in the accountancy trade so she can do my books free of charge 
If I offer a good reliable service keep my feet on the ground it might work. |
I would still recommend setting up as a limited company, in time an accountant is likely to recommend you do, the limited liabililty thing is a better place to be if it goes all wrong. Mrs Nidge can be the Co.Sec, do the bookkeeping and you can be sole director these days.
Depending on you customer base you may find being a Ltd company is a good thing from a marketing POV. If you are dealing with the public they don't care as long as you do the job.
We us SimplyBooks as our accounting application, this does everything but quotes (and letters), so you record each job on it once you are done as a new invoice and then you can print the invoice from it and print statements at the month end to chase your debtors.
Remember you can compete on quality of service as well as price. Being the cheapest is not the best strategy for starting a business, being competitvly priced and doing the job you promised are far better reasons.