4 ms·
If your SaaS is not directly related to your consultancy work, you prob want to keep it separate. That way if any shit hits the fan you've got 1 income stream l
by lmc 4y ago
If your SaaS is not directly related to your consultancy work, you prob want to keep it separate. That way if any shit hits the fan you've got 1 income stream less at risk.
Plus it makes accounting simpler
- simontrl 4y agoThe consultancy work is fairly low risk and would be covered by business insurance. Two Ltds would mean paying double the accountancy costs, getting two business current accounts, and a bit more personal admin? It doesn't seem worth it. If the SaaS started bringing in huge money I would likely stop consulting too.
- lmc 4y agoPerhaps. Best to talk to an accountant. fwiw mine are about 70 quid a month, they're generally good but have f'd up in the past so i can't really recommend them. Hence my advice to try and keep things as simple as possible for them.
- simontrl 4y agoThanks, I was expecting a lot of "talk to an accountant" replies but you can't go into that blind imo because you need some base knowledge to ask the right questions and detect bad advice.