As I wanted this module to make sense in what I was doing, I chose to go for a freelancer business, or sole trader proprietorship. This is something a lot of animators and VFX-people do these day, mostly because it's cheaper and more safe for the studios.
This means that I don't have to pay any registration fees, and as Business Link says: "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".
This is of course not a problem, considering that I will be working alone, providing services to bigger companies. There are no production costs apart from the storage media, if needed. All the profits from the client work will go straight to me, but it also means that I have to keep records, showing income and expenses. This is where it would be ideal to let someone else handle that part, since I don't have that experience myself.
It also says I'm personally responsible for any debts run up by my business. Again, this won't be a huge problem as I won't be amassing a huge debt, by providing services to clients.
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Monday, 1 March 2010
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