Start Up

Overview

The aim of this section is to help you start out on the right track so you can avoid some of the common pitfalls and concentrate on building a thriving business. LaiPeters & Co are highly experienced in advising on start-ups and are able to assist in a whole spectrum of business sectors emphasising the importance of planning a productive start-up strategy. Our individual approach, including regular follow-ups from our team, will ease the strain of starting up and keep you informed of any relevant regulations.

Please contact us in the earliest stage of start-up. An early consultation can save many hours of possibly disappointing research and paper work.

When thinking about starting your own business the main issues you will need to consider are as follows:


Are you Ready to Start-Up

Before starting up in business it is worth thinking through whether you have the necessary skills.

Structure of your Business

LaiPeters & Co will always look at the individual circumstances before giving advice on what type of business structure we think you should adopt. We have outlined the main characteristics of each entity. Different rules come into play depending on whether you are employed or self-employed, a sole trader, partnership, company or franchise.

Tax Issues for Start-Ups

You must register with Inland Revenue within three months of setting up in business (including becoming self-employed).

Early Stage Planning

Once you are working for yourself and in charge of your own working life, there is no boss to tell you what you do. It is up to you to keep your customers happy and keep the business running smoothly. The rewards can be considerable, but it can also be hard work. Organisation and forward planning are vital.

Further Information

A useful starting point is your local Business Link which has access to a wide range of businesses and information sources.