Setting up a new business can be a bit of a daunting process. With so much to think about – from government regulations to tax, bank accounts and employment issues – it’s not always easy to know where to begin. You just want to cut through the admin and get going as quickly as possible.
What’s the best structure?
We can help you choose the most appropriate structure in which to trade or hold assets – whether it’s sole trader, partnership, limited liability partnership or limited company. This way you can ensure that your assets are protected right from the outset, and that your activities are taxed in the most effective way.
Up and running fast
We can form companies or limited liability partnerships electronically – so your new business is set up within hours, and you’re up and running really quickly. We can advise you on the most effective ownership or share structure, and guide you through the tax and commercial implications.
We can also help you open a bank account, register for VAT, set up a PAYE scheme and register with HM Revenue & Customs – all smoothly, easily, and without delays or complications.
Ditch the red tape
We can become your registered office … something we do for many clients. This helps you by cutting down on the red tape that you’d otherwise receive directly. We deal with statutory notices, and ensure that the paperwork is handled quickly and professionally, so you don’t have to worry about it.
If you need a forwarding service and address for mail, fax or telephone, we can take care of it for you. For overseas companies we can provide permanent establishment for tax purposes, dealing with fiscal and commercial representation.
What accounting records do I keep?
It’s important that your accounting system is relevant for you and your business. Whether you’re a one person business with one transaction a month, or a business with thousands of transactions every month, we can advise you on the best record-keeping and accounting system to set up. With our extensive knowledge of all leading accounting software products, you can benefit from our experience to avoid setting off on the wrong foot.
Business plans and forecasts
We can help you write a business plan and complete forecasts – either for your own peace of mind to test your business model, or to present your start-up to potential lenders such as the bank or a potential investor. Our experience will help you put together an effective business plan. You can plug into our network of professionals to find out if there are any grants that are available for your business. We’re also experienced in handling grant applications, so we can make this process as hassle-free as it can be for you.
Our key people have spent time in commerce and industry as well as the accounting profession – so you can benefit from our commercial experience and sound commercial advice too, right from the outset.
We provide a wide range of company secretarial services to save you time and money. We file online with the Government gateway in as close to real time as possible. You can use us to maintain your company’s statutory records and handle everything from special and ordinary resolutions to register of members, recording share transfers, changes in officers, change of details, issue of shares, statutory notices and dividend vouchers. For a nominal fee you can free yourself from all these things and not let them bog you down.
Agreements with shareholders
What happens if your co-shareholder gets hit by a proverbial bus? Do you get their shares? And if so, how much do you pay? It’s always a good idea to sort these issues out before they become a real problem.
We can assist you with advice on the commercial and business aspects of agreements with your fellow shareholders, including preparing a formal (or less formal) agreement that’s tailored to your situation.
Angels and entrepreneurs
If you’re interested in investment by a business angel or serial entrepreneur, we can advise you on schemes that encourage this kind of investment, and whether they’re suitable for what you need.