Hi, After becoming redundant i wish to become a freelance architectural designer. I am able to draw plans create 3D Visuals and planning permissions. I believe i can earn roughly £1500 per month after tax. I am not sure which type of company to go for. I am working for myself with no partners or employees and it will stay like that. If in 6months i take on a full time job i will hope to do this freelance work part time. I have been searching the different types of companies and this is the best i have come up with so far... Limited Company -Pros- Good for 2 or more people, Personal Assets are not at risk -Cons-A lot of paperwork to do and finding an accountant can be expensive. Sole Trader -Pros-Good for one person stating a business -Cons-Pay more Tax than Limited Company, Personal Assets at risk still need to find an accountant. Umbrella -Pros-No Paperwork or tax / NI forms to fill as this is automatically done by The umbrella company. -Cons-Less pay for me as a lot of the income goes to tax / NI and Umbrella for there services I seem to think that Sole trader would be my best option but then i think about personal assets and less tax then sway toward limited company. What do you think is the best option and why? Thanks for your time.