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Opening a business? The full guide
Four steps, in the order they happen. The guide is general and does not replace individual advice; one call can shorten it to what applies to you.
Four steps
- Choose the legal formExempt dealer, licensed dealer or limited company. The difference lies in VAT, reporting and personal liability.
- Register with the authoritiesVAT first, then Income Tax and National Insurance. For a company, the Companies Registrar before all of them.
- Bank account and bookkeepingA separate business account, and software or a firm keeping the books from day one.
- The first monthReceipts and invoices, income-tax advances, the first VAT return, and National Insurance payments.
Also worth knowing
Shefing's draft text, based on the questionnaire answers. The firm will review, edit and approve before publication.
Would you like to walk through the steps together? A short call is enough.