Going Solo: Irish Tendering Process & Becoming a Freelance Librarian Stephanie Ronan

Outline Find a tender Putting it into practice Costing your tender Choose your company type A walk through the tendering process Outline

www.etenders.gov.ie/

Sole Trader or What am I? Limited Company Limited Company? Sole Trader

Limited company is separate legal entity, no personal debt 1 Register with the Companies Registration Office 2 Company reports and accounts returned to the CRO each year 3

Sole trader- relatively simple to set up, personal assets at risk 1 Register as a self employed person with Revenue 2 Pay tax using a self assessment system 3

Which to choose? www.citizensinformation.ie Limited company seemed expensive & complicated to set up for such a small enterprise Decided on sole trader

hwww.etenders.gov.ie/

Be enlightened when costing your tender! Survey the market to ensure you have a competitive hourly rate and then examine it to consider costs: Income Tax USC Pension Insurance Accounts Holiday/Sick Pay Staff expenses for cover? Unforeseen expenses

Sole Trader Complete TR1 form & return to revenue Insurance Purchase public liability insurance ROL Register with revenue on line for tax clearance cert & all tax matters Invoice Invoice for services monthly

More challenges ahead sorting out tax & potentially hiring cover

Figure the rest out as I go along!

Thank you, looking forward to your questions.