Archive for 'Starting a Business'
What Use is a Business Plan?
Ask most business owners what a business plan is for and they will say that you need it when starting a business to get a bank account opened or when you try to get funding for a new project. There is some truth in that but it is only part of the story. A business [...]
Full StoryStarting In Business: Part 2 – Taxation of Income
Every business will – unless it continually makes a loss – have to address the issue of taxation. Like it or not the government wants its pound of flesh, but there is nothing to stop you structuring your business to get the best tax advantage possible. Here you will find some points to consider when [...]
Full StoryStarting In Business: Part 1 – Choosing the Structure for Your Business
The basic ways to structure your business are as a sole trader, in a partnership, or as a limited company. If you trade as a Limited Company you are said to be an “incorporated business” any other structure is called “unincorporated”. There are advantages and disadvantages whichever structure you chose so when deciding on the [...]
Full StoryFinding The Right Accountant
Accountants come in all shapes and sizes, both good and bad. To many people they are a necessary evil but a good accountant can add value to your business and help you sleep at night. But how do you find the right one for you? The first step is to accept that you need an [...]
Full StoryChoosing the Structure for Your Business
In the UK there are four main ways you can structure your business: as a sole trader; in partnership with one or more other people; as a limited company; or as a member, with one or more persons or companies, of a Limited Liability Partnership. When deciding on the appropriate structure for running your business [...]
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