The New Business Start-up Programme will help new business owners to understand business entity setup. In this phase provides an opportunity to identify which business entity is the right for a new business start-up owner.
Set up a Business
Need to do to set up depends on your type of business, where you work and whether you take people on to help.
· Sole Traders it’s simpler to set up as a sole trader, but you’re personally responsible for your business’s debts. You also have accounting responsibilities.
· Limited Companies if you form a limited company, its finances are separate from your personal finances, but there are more reporting and management responsibilities.
· Partnerships a partnership is the simple way for 2 or more people to run a business together. You share responsibility for your business’s debts. You also have accounting responsibilities. Find out more about being a partnership and how to register.
Copyright © 2023 Strategic HUB
Strategic UK Group Ltd is registered in England and Wales. Registered number: 12757761.
Registered office: 2nd Floor Hygeia House, 66 College Road, Harrow, Middlesex, England, HA1 1BE.
Strategic HUB