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How do you set up a business?

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Follow those 7 simple steps and you could be up and running in no time:Let HMRC know you're becoming self-employed. ... Sort out insurance cover. ... Choose a business name. ... Set-up a business bank account. ... Get compliant. ... Start accounting for everything. ... Sort out your work space. ... Decide on the best legal structure for your business.More items... read more

What you need to do to set up depends on your type of business, where you work and whether you take people on to help. Register your business Most businesses register as a sole trader, limited company or partnership. read more

Source: gov.uk

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