Here you’ll find everything you need to know about registering your business, including choosing between sole trader and limited company, the paperwork you need to fill in to register your chosen business structure as well as where to find it and what happens next.
Friendly Disclaimer: Whilst I am an accountant, I’m not your accountant. The information in these guides are legally correct but are for guidance and information purposes only. Everyone’s situation is different and unique so you’ll need to use your own best judgement when applying the advice that I give to your situation. If you are unsure or have a question be sure to contact a qualified professional. I cannot accept responsibility for any losses or penalties you may incur while following the contents.
Choosing a business structure is often the trickiest part of registration often causes a huge amount of worry. In the business structures section, you’ll find helpful guides explaining the difference between all the most common business structures available as well as some help with choosing which one is right for you.
If you’ve decided forming a Limited Company is right for your business or side hustle, then the next step is to start filling out the paperwork and understanding the forms you’ll need to complete each year. In the Form a Limited Company section, you’ll find guides explaining what you need to do to register with Companies House and what you’ll be responsible for doing as a Company Director.
Registering as self-employed is the quickest and easiest way to let HMRC know you’re working for yourself. In the Register as Self Employed section, you can find out how to complete your registration online on the HMRC website.
Setting up a partnership is ideal if you want to work with someone, share the profits and minimise the paperwork. In the Register a Partnership section, you can find out more about registering a partnership, how the tax works and the forms you need to complete.
Once you’ve been bitten by the entrepreneurial bug you just can’t help but see opportunities everywhere! So if you have spotted a new big idea, then the next natural question is ‘Can a Sole Trader Have Two Business?” Here’s some essential advice to help get you started with your new venture. Yes, A Sole Trader … Read more
You will find that there are many freelancers holding onto full time or part-time jobs while they grow their own freelance client base and their freelancing pays them the salary they need. Here are the implications.
It’s a New Year and you have made a New Start. You’ve taken the first steps to becoming your own boss and formed a Limited Company. While you are busy juggling running your business, making sales and managing cash flow it is important to be aware of your legal duties as a Company Director. Companies … Read more