When you’re setting up a new business you will need to consider matters, such as whether to form a private limited company or operate as a sole trader. Our accountants can advise you on the best option for you depending on your particular circumstances, the industry sector and your projected earnings and growth. If you choose to set up a limited company we will take care of all of the paperwork and register it for you with Companies House. We will also be on hand to offer other start-up services, such as support with cash flow management, choosing and setting up financial reporting systems, and business financing.
Chances are, your business planning and forecasting is dominated by your great idea, how you’re going to achieve it, and how much money you’re going to make. Most entrepreneurs write a business plan, or a list of objectives that in the first place gets them from A to B, or perhaps a list of steps to work toward a defined goal. Starting a new business is exciting, and not many people take the time to make the admin side of things a priority.
However, it really is important, and getting everything right in relation to your company formation from the word go, is one of the best investments you can make in your start up venture’s future.
Taking professional advice with regard to your new start-up will help you to focus on what it is you want to achieve, and how you intend to do so, as well as setting up a great foundation of good business practices to build on as you move forward.
If you are trading successfully as a sole trader and looking to take the next step, forming a registered company of your own, the paperwork and legislation can appear quite daunting at first. We can help with all aspects of your company formation and be on hand to advise you on how to make your dream a reality.