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concise communication at all times, as well as having built a great relationship with them. Any dispute that arises will largely be down to a lack of clear and concise communication. I have used a couple of different legal contract services which are detailed at www. businessforfi and these have been particularly useful because you can simply buy an off theshelf contract and then pay an additional fee to have it double checked by one of the legal team in that company. I also mentioned earlier the FSB, which has a legal helpline should you need further support. Finally, running your business as a sole trader is okay if you want to remain in the lower earning bracket of what is possible, but if you want to be taken seriously, you really need to set up a limited company and apply for a VAT registration number in the UK and Europe, or the GST in other parts of the world. Running a limited company has several benefi ts, not least your liability is limited in the event of a fi nancial claim on your company. If the company is limited, you are not personally liable for any debt and so your house and personal assets will always be protected. The second huge benefi t of being a limited company with VAT or GST registration is that you look like a bigger organisation. Nothing says one-man-band working in a bedroom than sole trader status. If you’re worried that accountant costs are going to get higher by changing your sole trader status, then you should be charging more money for your services. Plus your accountant – if they are doing their job properly – should be saving you on tax, at least to the equivalent of their costs, so their fees will be absorbed Download a free chapter of Den’s 206 page book BUSINESS for FILMMAKERS - The Quick, Dirty and Uncensored SECRETS to a SIX-FIGURE Video Business from the World’s Ballsiest Filmmaker, at www.businessforfi KITPLUS - THE TV-BAY MAGAZINE: ISSUE 107 NOVEMBER 2015 | 43