My husband is thinking of going self employed?

Question

Between us, we have bad credit rating, ccj's etc (which we are desperately attempting to clear)so cant get cheque accounts either jointly or individually.
What effect will this have on him trying for a Business Account which he will need to go self employed?

We do realize that Michael B, but thanks anyway. He's basically fed up where he is, fed up with 'to many chiefs'(he is a site foreman with a steel erecting company and would like to go into Landscape Gardening/Tree house building. The gardening side he did many years ago but as a basic gardener for his brothers small company), and wants to venture out into what he enjoys and loves doing.

Answer 1

hi my husband has been self employed for 4 years and he doesn't have a buisiness account,he does his own books.and we had the same problem with getting a bank account ,all they give us is an instant savers account and that does just fine ,its with the halifax.hope that helps.xxgood luck.

Answer 2

Had a similar situation when I became self-employed with my home based business. I just incorporated the business, got a tax id number, and was able to open a banking account and business credit card acct. Hope that helps

Answer 3

Quite a lot I would think although it is not a personal account the account could be misused for personal reasons so the bank may have reservations

Answer 4

I have been in much worse than you bankrupt etc dont give up fight them ! yes you do need a buisiness account go to Lloyds TSB they will help you 1 years free banking Frank.

Answer 5

Sounds like he trying to jump even deeper in debt. Self employment is not the money machine that many think it is.

Answer 6

The Self Employed do not get Job Seekers allowance (when unemployed) nor do they get Sick Pay (when sick)...

Answer 7

go open the business account and find out for yourself....