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Starting business while employed and on pension.

Businessnoob · 2012-02-09 13:43:55

i am not sure if this is the correct location for this question but hopefully someone can help. I am in full time employment and my to be business partner is retired and on a pension. If we were to start a business and register with the tax office as self employed how would this effect us. Could my business partner lose…

09-02-2012 1:43pm

#1

Businessnoob

Closed Accounts Posts: 3 ✭

Join Date: February 2012

Posts: 1

i am not sure if this is the correct location for this question but hopefully someone can help.

I am in full time employment and my to be business partner is retired and on a pension.

If we were to start a business and register with the tax office as self employed how would this effect us.

Could my business partner lose any entitlements from his pension or social welfare?
How would this effect my PAYE in my full time job?
If i were to lose my full job job would i be able to claim any social welfare?

the business we are thinking of setting would not by any means be enough to pay any bills for at least 3 years unless we had a magician of a marketer.

Any help would be gratefully appreciated.

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