Unlucky 13th Day of December?, hopefully not, and like a good box set ready to watch, here’s the whole series of articles that gave a quick overview of things to consider should you be thinking of starting your own business.
Read MoreDay 12 in our a series of articles covering some of the main considerations if you’re thinking of setting up your own business.
So, you’ve made it to the end, you’re serious about setting up your own business but want a bit of guidance, where do you go?
Read MoreDay 11 in our a series of articles covering some of the main considerations if you’re thinking of setting up your own business.
There may come a day when you want to let it go and sell your business or trade.
Read MoreDay 10 in our a series of articles covering some of the main considerations if you’re thinking of setting up your own business.
In year two and beyond, a limited company has to file a confirmation statement at Companies House
Read MoreDay 9 in our a series of articles covering some of the main considerations if you’re thinking of setting up your own business.
The end of your first year, what happens now?, for all types of business, a set of financial accounts will have to be prepared.
Read MoreDay 8 in our a series of articles covering some of the main considerations if you’re thinking of setting up your own business.
Employing staff is no different whether you have chosen to be a sole trader / partnership or limited company.
Read MoreDay 7 in our a series of articles covering some of the main considerations if you’re thinking of setting up your own business.
Value Added Tax or VAT, doesn’t sound like much, but adds complexity and a whole new set of rules to any business.
Read MoreDay 6 in our a series of articles covering some of the main considerations if you’re thinking of setting up your own business.
Records and book-keeping – once you are trading you must keep records of what you’re buying and selling.
Read MoreDay 5 in our a series of articles covering some of the main considerations if you’re thinking of setting up your own business.
This ones just for limited companies – Standard Industry Classifications [SIC], these are a pre-defined list of categories that your business may fall into.
Read MoreDay 4 in our a series of articles covering some of the main considerations if you’re thinking of setting up your own business.
Having decided on the structure of your business, it needs a name. As you might expect there are some rules about this
Read MoreDay 3 in our a series of articles covering some of the main considerations if you’re thinking of setting up your own business.
For some, the decision on how to structure their business is driven by how they want to extract the wealth from it, and the taxation consequences. Limited companies allow for you to take a wage, or pay a dividend. A sole trader would have their profit as their income.
Read MoreDay 2 in our a series of articles covering some of the main considerations if you’re thinking of setting up your own business.
Having decided that the likely income from your business will be over £1,000, on Day 2 we’ll consider whether to be a sole trader / partnership or a limited company.
Read MoreBeginning a series of articles covering some of the main considerations if you’re thinking of setting up your own business.
It doesn’t take 12 days to set up your own business, in fact, it’s a matter of minutes in cases depending on how much preparation work you have done. So, for day one, let’s consider – do you even need to set up a formal trading structure?
Read More