Author Topic: Starting a business  (Read 3935 times)

Offline Kerrse

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Re: Starting a business
« Reply #20 on: 28 March 2012, 15:42 »
No business plan needed if no borrowing required but you can get template Business Plan of HSBC (and most banks) websites if needed  :cool:

Offline golf-sib

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Re: Starting a business
« Reply #21 on: 28 March 2012, 15:57 »
Thanks a million.

Will be popping down the bank tomorrow.

Can't thank everyone enough its not as bad as I first imagined.


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Offline Dolly

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Re: Starting a business
« Reply #22 on: 28 March 2012, 20:48 »
Set up my own limited company a month or so ago, never done it before abit daunting but now its all sorted and im trading it wasnt that bad!  :smiley:

Offline RedHP

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Re: Starting a business
« Reply #23 on: 29 March 2012, 16:55 »
PM me if you need advice

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Offline Lankylad78

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Re: Starting a business
« Reply #24 on: 30 March 2012, 22:59 »
I set up my own company last august with a friend. Similar situation to you. We're both in full time employment and are doing this in our spare time.

Company name: Try someone like companies made simple. Small fee, but you can check availability of names and they sort it out for you.
Bank account: All much of a muchness tbh. Most are offering 2 years free banking.
Accounting: We use a free online software called Quick File. Simple to use. Does invoices, can upload bank statements etc. We plan to get an accountant to tidy things up for us when required.
Taxes: As far as I was aware, if you are PAYE with your current employer the only tax required is corporation tax. VAT is not mandatory until your turnover is £70k

Good luck with the business. If you don't try you'll never know.