Get the right advice from the start so you don’t miss out on savings.
As a start-up business the first few months will be hectic, and time is precious at this most critical of stages. There is so much to do and think about, and how do you know you have thought about everything you need to do? Could you be falling foul of legislative requirements? Are you maximising everything you can?
There will be lots of questions arising in the early stages; who do you need to notify about the new business? What legal status best suits your situation – sole trader, partnership, limited company,LLP? What about H M Revenue & Customs? Do you need to be registered for VAT? What VAT structure is best for you? What insurances are required? How should you be taking money out of the business?
Our partner, Paul M, specialises in advice for start-up businesses.