I am wanting to start up a company... but can you explain these laws...?
Hello I am wanting to start up a web based company. Number of employees: 0. I will register the company as a Ltd. however, I may know all there is to know about this web based company, but I don't understand the laws. I am unable to work due to a disability. I currently get help (money) from the state to live on. However, I was able to work for some time till it got too much and have a little put by. I am currently getting Disability living allowance and Income support. I do not work, but as I have a little bit of money put away, I would like to use this and start up a web business. I know what I need to do, to sell the products, but I don't know the taxes, however this can be overcome with an accountant. I need to know, if I start up this company, will I need to inform the job centre that I am doing this? I plan to put 100% back into the company to make it expand, however I need every penny from the state, for example, I need specialist things made to help me get around. These are not cheep, they cost nearly £500 for 1 leg, I need 2, thats nearly £1,000, this is not including the other 4 areas where I need to spend big on. However, this is just a start of my years ahead. I now say, enough is enough. I want to use the money I have saved up to start a business so I can look forward to a brighter future, but I can not lose the benefits... what is my best solution? I have problems with the following, both big toes, ankle ligaments and tendons don't work, this means that I walk for a few meters and I fall over. If I stand still it feels like my knee is going to snap, this is due to weakening ligaments to the knees. However physio wanted me to force myself to walk like normal people do. I walk with my feet pointing either behind my, left leg pointing at 8 and the right leg pointing at 4 (yes, this is the easiest for me) I also walk with my legs pointing at 10 and 2. As the physio wanted me to walk with both feet pointing 12, this has caused more problems with my hips and now lower back. I spend most of my days in bed as I can not move due to too much pain. This is why I want to set up a company now, so I have a future to look forward to, something I am good at... which this is perfect. I am told this problem will be with me for life, unless I get 2 surgery options. These are 5-10 years away at the moment, as I am too young, I am in my lower 20's. Please help...
Asked By: Gareth O - 12/1/2009
Best Answer - Chosen by Asker
There is an amazing charity called the Shaw Trust which I think you will find invaluable as their sole aim is to help disabled people who want to do some kind of work. They can sort out grants, courses and just basically give direction and introduce you to a network of assistance. The number is on the internet and also... More
Answered By: Karen M - 12/2/2009
Additional Answers (1)
Good advice from Karen M. I would suggest that you check this with the benefits agency to make sure it is true. Whilst I sympathise with your situation it is unfair to expect taxpayers to continue funding you when you have your own income.
Answered By: The Great Escape - 12/2/2009
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