Starting a New Business
Starting a new business is an exciting and challenging time. The rewards can be good even excellent, but the myriad of laws and the associated penalties for transgression can prove a daunting experience. Boston Commercial Centre Accountants can advise you in these formative days.
Your Business Plan
Once you have decided to start your new business venture you must ask yourself several questions. A business plan will be vital for your new company should you need to borrow money, but even if this is not the case it is imperative to identify your anticipated income from sales and probable profitability.
How are you going to finace the new company? Do you have the knowledge necessary to run the business and how will you measure your progress during that first year?
Many new ventures fail because problems which could easily have been forecast in a well designed business plan cannot be met by the unwary.
Business Structure
You can run your business in your own name as a sole trader, form a partnership or even form a Limited Company if the commercial risks of failure are high.
Boston Commercial Centre can help!
Help you prepare your business plan.
Explain the possible pitfalls of trading as Sole Trader rather than a Limited Company.
Help you to incorporate your company, quickly and reliably.
Register for PAYE and VAT if appropriate.
Contact us today for a free, informal chat on 01205 357766