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Starting up Your New Business

June 30, 2020 3:48 pm

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If you are fed up with working for someone and have had a long term dream to start a business of your own there are many people who have done exactly the same thing – with varying degrees of success. If you are just getting started and have all the ideas but are not sure what to do next, then continue reading …

To do things properly, you will need to contact HMRC and tell them that you are becoming self-employed. It may also be a good idea to get some help from a professional such as these accountants in Gloucester who will be able to advise you of the correct way to do things when you are starting up so you don’t fall foul of the tax man!

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Choose a name for your business – this is important so don’t just pluck any name out of thin air as it will be a bit of a headache to change further down the line! Check on Companies House to make sure that the name isn’t taken, but don’t get your logos and printing done on letterheads, packaging etc, until you are certain you are happy!

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Find a place to work from – you may be able to run your business from home for the time being, but you may need a little more room or you may not have space in your home. Start hunting for a suitable business property to rent. Of course, it depends on the type of business that you are in, but if you will be on your own to start with, and most of your work can be done on a computer, look for places that offer a desk rental.

 

 

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