Starting in Business

When you start up in business you are full of enthusiasm to get going and make some money. Whether you have developed a new product, manufacture goods, plan to sell a third party’s goods or provide services  you need to think about the structure of your business and how you are going to trade with third parties.

It can be a stressful time and we appreciate that sometimes money can be tight, but it is important that you have the right team of professionals working with you to get the foundations right from the start. You will have enough to do to make your business successful without falling at the first hurdle. We have close links with accountants, tax advisers and banks and can recommend who we feel would suit your needs and personality.

We can help you decide what structure is best for you in light of your objectives and what you should have in place to clearly set out your obligations and those of your partners/fellow shareholders. Getting your structure right and internal relationships clearly defined is crucial before beginning to make serious money. 

To get funding from the bank you will usually have prepared a business plan setting out what you hope to achieve, which will also help us understand how we can assist you.

You could opt to trade as one of the following:

• Sole trader
• Partnership
• Limited Company
   

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