I think I understand what Philip means.. somehow.. Basically it comes down to companycosts, wich affects a bill very much. When you work for a company that pays your salary, the clients you have gets higher bills than if you are "your own company". (works for yourself) You can then keep down the costs a LOT and that benefits the client. Pretty normal business economy in a way... :classic:
It is a question of how much you can do for yourself. I did my own typing; I knew a bit about computers. They didn't have scanners, cameras, hard discs or very much at all, but were completely reliable and NEVER crashed. I could do my own book-keeping (I was qualified in that as well) and I could do my own conveyancing and criminal work. A one-man band. That was when I was alive. Now I am retired I do not (and WILL NOT) do that any more. I will not offer my legal comments on anything at all for fear that you may decide to hold me liable for what I say.
Yes. A on-man-company. Pretty common here. But it also means more than double the workload. I have friends working this way, they never are free. If not out working they have the account's mails and all the other stuff. So I don't blame you at all Philip, I can quite understand your position. So take the oppurtunity to relax and try heal as much as you can. :classic:
Don't you Tim?? Oh it's easy. Simply explained: Instead of being employed by a company you set up your own. But you never hire anyone. You do it all yourself, all the different parts necessary. That saves a lot of money in form of costs, but it takes the equivalent amount of more time at work. Got it? Hence the phrase: Time = money. as well (Yes I've studied accounting too, but is not fully trained)
Not quite Nina. In this country it makes a tremendous difference if you are a limited company (or an incorporated body) or not. If you are then you cannot be made bankrupt. Solicitors were not (I don't know - it may have changed?) allowed to be limited companies and consequently you had to be insured and were fully liable for absolutely everything. That means that anyone may approach you at any time saying that you acted for them, say 20 years ago, and that you misadvised them. Generally speaking they will be statute barred, but, on occasions, they are not and the results can be absolutely diabolical. They (meaning the government) have ruined the legal profession. Now you solicitors on street corners (literally - not metaphorically) advertising their wares.
