Electrical2Go - Online Electrical Supplier
This official sponsor may provide discounts for members

Discuss A couple of questions! in the Business Related area at ElectriciansForums.net

M

matt456

Welcome to ElectriciansForums.net - The American Electrical Advice Forum
Head straight to the main forums to chat by click here:  American Electrical Advice Forum

Im looking at going on my own next year, How do i register a company name? Do i need to?
Also do i need some sort of part p course?
cheers
matt
 
Wetroom Store - Network Wetroom Suppliers
This official sponsor may provide discounts for members

bonjovi

-
Arms
you need to register your company name with the taxman whatever u decide its going to be 1 miniute out your time
you dont need to be part p but all your work needs to be documented
so you will have to allow for someone to test your work in your price that u quote and wait till they can get and supply a certificate b4 u get paid what a ball ache that would b
 
M

MRES

  • Thread Starter Thread Starter
  • #3
Matt, go see an accountant and explain to him you are setting up on your own. He will give you the options and explain each one. Ie Sole Trader, Limited Company, Partnership etc. He will register you with HM Custom & Excise.

I set up 12 months ago and have not looked back, sometimes it is difficult with cash flow problems and customers not paying up on time but overall I love it. Make sure you have some cash ready to fall back on in the case of no work or people paying up problems. Also I have spent upwards of £15,000 getting set up, van, business cards, advertising budget, test equipment, PAT tester, insurances, NAPIT registration, tools (drills, 110v stuff, steps, ladders, roof rack), sign writing, laptop, printer, 17th edition etc etc

As for Part P, I have been a spark for 11 years I did a full apprenticeship with a local company, then 2391, 2400 and recentlly the 17th edition. I am registered with NAPIT under full scope inc Part P and they asked for 17th edition and 2391 inspect & test as well as liability insurance, indemnity insurance, copy of the regs, onsite guide, guidance notes, electricity at work regs oh and test kits, calibration cert, voltage testers blah blah blah. However I have two friends who have recently set up and they have gone with NICEIC as domestic installers, one has no qualifications and has been a labourer since time began and the other is a 16th edition qualified spark with no 2391 and they only have liability insurance (I find this a little worrying and annoying) the test kit they use was broken at the time of assesment and the assesor let them use his !

What I am saying is there are different paths for diferent people, speak to NIC, NAPIT, Business link they will all give you the information you need to make the right decision in setting up your company.

Go for it and good luck !!
 
uHeat Banner - Forum Discount Available
This official sponsor may provide discounts for members

Reply to A couple of questions! in the Business Related area at ElectriciansForums.net

Top Bottom