If you’re in the process of, or thinking about, starting your own company you’ve come to the right place.
We have a whole host of business guides and expert advice to help you get started. Whether you need help writing your business plan or coming up with a viable business idea, we’ve got something for you.
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What type of company should I set up?
The business type you choose will depend upon your individual business circumstances and, to some degree, your personal choice of how you run the company. If you’re unsure, check out our intro guide to sole trader vs limited company.
Your decision will affect the steps you need to take when starting your own company, where and how you operate, and whether you’ll take on any staff. Are you launching a startup or running a small business? Do you plan to trade online?
If you’re unsure about how you’re planning to structure your business, now is a good time to read up on business models for startups
Who can start their own company?
The answer is almost anyone. Though starting a company and making your company successful are two very different things. The latter will take some careful planning and research.
Do I need a business bank account?
If you’re a limited company you’ll need a business bank account. If you’re a sole trader or partnership, you won’t. However, many sole traders find it useful to have a dedicated bank account for their business so it’s easy to keep your personal and business finances separate.
Do I need business insurance?
Yes. Maybe. This will depend on whether you have employees, what you’re selling, and how much exposure to the public for the running of your business. You can find out more about the different types of insurance, including what’s essential and what’s not, here.