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Alternative online business structure
Seeking the flexibility to branch out online
If your physical business is struggling to grow, you may have considered opening an online shop. After all, it pays not to put all your eggs in one basket. Perhaps you are already online but finding it difficult to achieve the sales results you had hoped for. Has it occurred to you that the s…
How to set-up a (private) limited company
What you need to do when setting up a limited company
A private limited company is a legal entity in its own right. Therefore, compared to a sole trader or partnership there are different requirements when registering and setting up a limited company. The following steps will guide you through registering a limited company: Register with C…
How to set-up a partnership
What you need to know when setting up a partnership
If you are going into business with a partner or partners and are setting up a partnership, you must choose a ‘nominated partner’ who is responsible for managing the partnership tax returns and business records. To set-up as a partnership, you should take the following steps: Choose a b…
How to set-up as a sole trader
What you need to do when setting up as a sole trader
If you have made the decision to set-up as a sole trader, you will be running your own business as an individual and are therefore self-employed. You will need to take the following steps to ensure you are paying the correct tax and National Insurance contributions: Register as self-employ…
Top 10 things you must do when going self-employed 
What you need to know about being self-employed
When going self-employed there are a number of things you must consider. Here is a checklist to get you started.  1.   When you become self-employed you must register with HM Revenue & Customs 2.   Ensure you take professional advice to decide on the best business structure 3.   Once yo…
Which business structure is right for me?
Choosing the business structure that suits you
Choosing the legal structure of your new business venture is an important decision. The structure chosen can determine how much tax is paid, the amount of paperwork required, personal liability and your ability to raise capital. There are a number of options to choose, and remember what works…
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