Eqlick
Small Business information and directory
Home     Online shop     Employment     Travel Destinations     Travel Information     Business     Directory     Weather     Buy On Line      
Forms_Of_Business     Newsletter      

Business Section
 

 Legal Formalities     Sole Trader     Limited Company     Business Plan     Health & Safety     Useful Links

                   

Legal Formalities

When you make up your mind to set up in business, you need to decide on the legal structure that best suit your venture.

 
Depending on the form you choose, there are legal reqirements to comply with. This decision will have implications on the way you are taxed and the records (accounting) you are required to keep.
Sole Trader
 
 
Setting up as a sole trader:

No formal legal structure is required

You are considered as self-employed

You make the day to day decisions

Register your business within 3

months of starting.

 

To register, call HMRC on 0845 915 4515  or visit: HMRC

 

For advantages and disadvantages of setting up a sole trader, Click here. 
 
  

Limited Company 

A limited company is considered a separate legal person from yourself (or other shareholders).
Because of certain advantages, the legal requirements are more stringent than the sole trader and partnerships forms.
 
To set up a limited company, you must register with Companies House.
 
You are also required to:
File your company's Memorandum and Articles of asociation;

Give details of the company's directors, company secretary and members; and

Have a registered office.

 
To file the above, you required to use Forms 10 and 12 obtainable from Companies House website. For more on these forms, Click here.
 
To find out more on the advantages of setting up a limited company, Click here.

 
Useful Sites & Resources                      
For more information and links on setting up a company, Click here.
 

Health & Safety 

Are you already in business? If your answer is yes, then you should already have a risk assessment and a health and safety policy in place.

 

If you haven't, Click here to know about getting started.

 

To find out 10 keys things to do to manage health & safety at your work place.

Finance & Grants

 

Case Study:

'Here is how I applied for a grant'

'How HMRC leped me start my business'

 

Business Plan

Links coming Soon...