So, employment, how does it work? There are many ways for us to earn financial compense for our work; Self-Employment (Freelancer) Working on a contractial basis for other people for limited amounts of time/work. Partnerships, Much akin to Self-Employment but this time with more than one person, be it 2 or 12. The only downside to this is that everybody in a partnership is liable for all the other partners debts, corporate or personal. This means partnerships often show trust betweeen partners, displaying to their clients that they themselves are trustworthy. Limited Liability Firm, Like a partnership however people in this company are only liable for the amount that they put into the firm. A LTD firm must also publish their finances/accounts publicly by an external accountant (Auditor). They must also publish Annual Returns yearly. Annual Returns are Profit/Loss Account, Balance Sheet Statement, List of Directors and their Addresses plus any other directorships that the...