Starting a business in the
UK requires expertise in the basic of business as well as specified knowledge of the British market. Our company can helps you navigate the challenges and set your business on its way to success.
Once you have an idea for a company and what product or service you will offer, the financing has to be put in place. The right financial package at the beginning of a business is critical for the long-term profitability of the company. Money is needed when you start a business. There are so many expenses. Items such as equipment, physical office, software, materials, etc. are all needed. Then, as the business receives new orders, money is needed to keep the business running. We can help you find the solution to your financial needs. The options include using your own money, borrowing from banks, receiving money from investors and grants.
Another concern when starting a business in the
UK is the taxation system. There are two taxes to be paid. The first is Value Added Tax, commonly known as VAT. This tax is charged on products and services on VAT-registered businesses in the
UK. The other tax is the National Insurance which enables you to state pension, jobseekers allowance and other benefits.
The legal structure of your business must then be determined. The options include self employment, sole trader, partnership, limit liability partnership, limited liability company and franchises. We will explore whether a partnership, whether active or silent, is right for your business. A partner can be someone recommended by friends or your attorney or recruited from chambers of commerce or other professional organizations.
Another service offered to the upstart business owner is determining the correct approach to the British market. Careful consideration will be given to advertising avenues and promotions.