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Advice about my Idea

mjbarrett

Hello this is my first discussion on here, and I thought someone might be able to help me out.

I have a diagnosis of high functioning aspergers syndrome and A-typical Bipolar on the side and I am 18 years old. I have suffered alot socially and educationally, I have been through quite alot of experiences including being admitted to a mental health hospital and am now in a special needs school that meets my needs.

I had the idea of starting my own business (only technical term want it to be more personal). Using my full life experience of day to day living, going through the system, my education and socialising I want to create an affordable service doing the following:

Firstly providing advice and support for people on the specturm as I can understand in a different way to people who may be a therapist but have not got the condition, and also to parents who are really struggling with their child and maybe even provide this service to organisations.

Through doing this having been there, done that got the T-shirt I have many contacts who people would really benefit knowing so could liason work.

Lastly I had the idea of giving autism awareness training to organisations who may not have the biggest knowlege and\or experience of it.

So I just ask for what your general advice is and I apeal to all different types of people when asking, I feel in this position this would be somthing I would be so down to earth about. I also ask how would I go about getting to this stage. I am also wanting to go to university and maybe there is a course that could relate to this.

Thank you and please be honest for it would help me very much

Parents

  • I'm not sure of Charity status but if you do Sole trade which is self assesment every year you'll pay income tax on your takings and ni. I you do Limited company it would have a seperate account and would be held as its own entity there for if you pay yourself a wage youll pay income tax and ni but if youpay you self dididends you dont pay ni, though you company will pay 20% tax on profits though you can spend profits on investments before the end of the you tax year to avoid paying tax, because you have made no profit because you invested it all'. any assest your company accumulates belong to your company and if you want them to officially become yours you would have to pay tax on the as if it were income.

    Theres ups and downs to both systems and it all gets complicated that why you end up with and accountant. it's all a pain

    Wish you all the best and sounds like a good idea, sole trade would be best option for this i would think then suppose its a case of building contacts and reputation.

    All the best Steven

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  • I'm not sure of Charity status but if you do Sole trade which is self assesment every year you'll pay income tax on your takings and ni. I you do Limited company it would have a seperate account and would be held as its own entity there for if you pay yourself a wage youll pay income tax and ni but if youpay you self dididends you dont pay ni, though you company will pay 20% tax on profits though you can spend profits on investments before the end of the you tax year to avoid paying tax, because you have made no profit because you invested it all'. any assest your company accumulates belong to your company and if you want them to officially become yours you would have to pay tax on the as if it were income.

    Theres ups and downs to both systems and it all gets complicated that why you end up with and accountant. it's all a pain

    Wish you all the best and sounds like a good idea, sole trade would be best option for this i would think then suppose its a case of building contacts and reputation.

    All the best Steven

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