You’ll need to decide how to trade, where to work, and how to manage your self-assessment account

Here’s how to organise your financial life if you’re a freelancer or sole trader.

Sole trader is the most straightforward business or legal structure if you are self-employed. Depending on the nature of your business, other options include a partnership (with someone else) or setting up a limited company. If you have a partnership or limited company, your business finances should be kept completely separate from your personal finances. But there’s a bit more overlap if you are a sole trader.