Saturday, 11 June 2011

presentation prep

so carlos wanted each member to collect all of their findings into 1 written document so that it would be easier for him to collate the information and produce a well informed presentation that encompasses everyone's contributions.

so after collecting all of my information it came to around 6 pages of A4, so to make things easier for Carlos i managed to condense my most important findings, then he could reference back to the other long winded document to obtain more detail.

Domain name and Copyright

we were aware of domain name copyright and as such was the deciding factor over our companies name. Company name and Domain name needed to be similar if not the same in order to avoid customer confusion.

We must be aware of copyright infringement and ensure that all work shown on the website is the property of the respective user.

Trademark infringement-

must ensure that our domain name, company name, logo and colour scheme is not too similar to other companies as this will again cause confusion to the consumer. In short customers may confuse our company as being part of another company. This is trademark infringement and can result in devastating legal battles, in which companies can face removal of their online presence and forced closure. Although it can go the other way if the defendant proves that they are not in breech of the law.

Possible disclaimers

Website Free Stuff - Website Disclaimer

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Website Free Stuff - Website Copyright

© UK Internet Sites Ltd 2002. Save to the extent expressly permitted below, the context of these pages may not be reproduced or transmitted or made available on a network in whole or in part without the prior consent of UK Internet Sites Ltd. These pages may be downloaded or printed for your personal and private use provided that you make no alteration to any of these pages and you do not use any part of the pages in any work or publication in whatever medium stored.

Becoming a sole trader


You need to register as self-employed with HM Revenue & Customs (HMRC).

Management and raising finance

You make all the decisions on how to manage your business.

You raise money for the business out of your own assets and/or with loans from banks or other lenders.

Records and accounts

You must:

  • make an annual Self Assessment tax return to HMRC

  • keep records showing your business income and expenses


Any profits go to you.

Tax and National Insurance

As you are self-employed:

  • your profits are taxed as income

  • you pay fixed-rate Class 2 National Insurance contributions (NICs) regardless of any profits you make

  • you pay Class 4 NICs on any profits


As a sole trader, you are personally responsible for any debts run up by your business. This means your home or other assets may be at risk if your business runs into trouble.

Why should we be a sole trader?

Being a sole trader is the simplest way to run a business - it does not involve paying any registration fees, keeping records and accounts is straightforward, and you get to keep all the profits. However, you are personally liable for any debts that your business runs up, which make this a risky option for businesses that need a lot of investment.

It will provide an easy exit strategy as no fees are paid to the government for registering as a company, the only issue would be dependant upon your next employment and then notifying the government of the income that you receive and how it should be taxed.

Tax and National insurance

we should not have any problems unless our income is better than expected.

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