Business adviser guides

When setting up a new business, you have to decide what format your business will take. If you register as a sole trader, there are some requirements you will need to follow to notify HMRC. In this guide, ICAEW explains why you need to notify HMRC and the tax implications for running your business as a sole trader.

If you form a business as a limited company, there are some requirements you will need to follow to notify Companies House. In this guide, ICAEW explains why you need to notify Companies House and the tax implications for running your business as a limited company.

Information on the financing of a growing business.

When setting up a new business one of the first questions you must answer is ‘Will I need finance to set up my business?’ This might be to fit out a premises, to pay staff while they are training or to buy equipment. Many businesses start off with ‘owners equity’ – money they put into the business to fund the start-up. But when they get the business going they may need finance.

Decisions taken in the early years can be the most difficult as well as the most important. Creating a business plan is an essential part of setting up your business.