How to register as a Sole Trader?

Wicked131

Hi

I'm looking to register as a sole trader, but have no idea how to do that?

Do I do it through CRO website?

What form do I have to fill in?

I understand this is the right way of doing things If I want to set up my own on-line store, right?

jimmii

http://www.citizensinformation.ie/en/employment/types_of_employment/self_employment/setting_up_a_business_in_ireland.html

Has all the info you should need. You need to register for tax and register the business name unless you plan on trading under your own name.

Wicked131

jimmii wrote: »

http://www.citizensinformation.ie/en/employment/types_of_employment/self_employment/setting_up_a_business_in_ireland.html

Has all the info you should need. You need to register for tax and register the business name unless you plan on trading under your own name.

So register the company name through CRO, and then register for tax using form TR1 and I'm ready to go?

What will change for me If I'll still be employed full time?

jimmii

Wicked131 wrote: »

So register the company name through CRO, and then register for tax using form TR1 and I'm ready to go?

What will change for me If I'll still be employed full time?

Yeh TR1 for tax and RBN1 to register the business name. Only real change will be being responsible for your own tax returns! You'll have to declare your additional income and your PAYE income at the end of the year and pay any additional tax due on income from the business.

Wicked131

jimmii wrote: »

Yeh TR1 for tax and RBN1 to register the business name. Only real change will be being responsible for your own tax returns! You'll have to declare your additional income and your PAYE income at the end of the year and pay any additional tax due on income from the business.

Thanks pal, you are very helpful.

And can I do this on-line? I can't really find any info about this.

jimmii

Wicked131 wrote: »

Thanks pal, you are very helpful.

And can I do this on-line? I can't really find any info about this.

Yeh register on ros and cro. Ros takes a while as they have to post out passwords and stuff and then you download a certificate on your computer cro is nice and simple! I was in your position not so long ago there is a lot of info out there but its not always put together in a way that makes sense!

Once you get all the technical stuff out the way you can get to the fun money making bit!

What is it you are planning on doing?

relax carry on

Wicked131 wrote: »

Thanks pal, you are very helpful.

And can I do this on-line? I can't really find any info about this.

You would do well to look at the taxation side of running a business.

http://www.revenue.ie/en/business/running/registering-tax.html

Wicked131

jimmii wrote: »

Yeh register on ros and cro. Ros takes a while as they have to post out passwords and stuff and then you download a certificate on your computer cro is nice and simple! I was in your position not so long ago there is a lot of info out there but its not always put together in a way that makes sense!

Once you get all the technical stuff out the way you can get to the fun money making bit!

What is it you are planning on doing?

Thanks for all your help, I have submitted form to CRO to get my business name registered, tried to register for tax through ROS but it won't let me do it, I have to send TR1 form in the post.

I can't tell you at this stage what I'm planning to do, maybe at a later date

relax carry on wrote: »

You would do well to look at the taxation side of running a business.

http://www.revenue.ie/en/business/running/registering-tax.html

Handy. Thanks

jimmii

You should do a start your own business course at your local enterprise office it will cover a lot of the basics and is definitely worth time to do. They also run courses on bookkeeping and taxation that you will probably find handy as well.