Starting up in business

The issues to consider when starting up in business.

Concise information on the key issues to consider when starting up in business. Click on the links below to access the relevant information.

Business plans

Every new business should have a business plan. It is the key to success. If you need finance, no bank manager will lend money without a considered plan. We consider why you should draw up a plan and what it should include.

Business structures - which should I use?

Having made the decision to be your own boss, it is important to decide the best legal and taxation structure for your enterprise. The structure for you will depend on your personal situation and your future plans. Consider the options available.

Considerations when starting a business

It is the ambition of many people to run their own business but there are many issues and pitfalls to consider. What issues should you consider when setting up in business?

Could I really make a go of it?

If you are looking to run your own business, it is worth looking at what is required to succeed.

Credit control

We consider what you need to be checking in order to understand if your customer can support the amount of credit you are granting.

Insuring your business

When starting a new business, you will no doubt recognise the need for insurance. It can provide compensation and peace of mind should things go wrong but can also represent a significant cost. We consider the types of insurance you may need.

Raising finance

Every business needs finance - we look at what type of finance is best suited to the development of your business.

Sources of finance

The financing of your business is the most fundamental aspect of its management. Get the financing right and you will have a healthy business, positive cash flows and ultimately a profitable enterprise. We summarise the means of finance that are available and where we can help.

Latest news

07 Jun 2021

Fifth SEISS grant will be open to claims from late July

The online claims service for the fifth SEISS grant will be open from late July 2021.

07 Jun 2021

HMRC's VAT Deferral New Payment Scheme to close this month

Businesses that deferred VAT payments last year have less than a month left to join online and pay in monthly instalments under the VAT Deferral New Payment Scheme.

07 Jun 2021

NIC reliefs set for Freeports

Freeport operators will be able to take advantage of a zero rate of secondary national insurance contributions (NICs) for employees.

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Starting up in business

Latest news

Fifth SEISS grant will be open to claims from late July

HMRC's VAT Deferral New Payment Scheme to close this month

NIC reliefs set for Freeports