Hi all, I would like to ask a quick question in regards to what type of company to set up. Forgive me for not knowing to much about freelancing yet.

The question is, I want to remain in my permanent job as a designer but want to do graphics and web design in my spare time at home legally. So how would i go about setting up tax etc?? The other thing is that the company I work for may not last much longer so Im wanting to go into business for myself if this happens.

With all the types of company and tax I feel a bit lost at this stage, if somone could recommend and point me in a direction I would greatly appreciate it.