Choose the Right Structure

Decide whether you’ll operate as a Limited Company, Sole Trader, or a Partnership. This affects your liability and taxes.

Register Your Business

Make sure your business is registered with the appropriate authorities, such as Companies House in the UK. This step is crucial for establishing your business’s legal identity and ensuring compliance with tax regulations and other legal requirements.

Open a Business Account

Having a dedicated business account is essential for keeping your personal and business finances separate. It also makes tracking your income, expenses, and tax liabilities much easier, ensuring smoother financial management from the start.

Understand Tax Requirements

Know your tax obligations, including VAT, corporation tax, and Business Rates if you lease a building. Business Rates are a tax on commercial properties, so it's essential to factor them into your costs.

Create a Simple Business Plan

Outline your business goals, target market, and strategies to reach them. A well-thought-out plan helps you stay focused and can be crucial for securing funding from investors or lenders.

Get the Right Insurance

Protect your business with the appropriate insurance, such as public liability or employer’s liability. We work closely with trusted brokers to help you find the best options for your new company, ensuring you get the ideal solution tailored to your needs.

Build an Online Presence

A professional website and social media can help you connect with customers and grow your brand.

Before you start, it’s always a good idea to seek expert advice. At D2S Business Solutions, we specialise in helping startups with everything from business registration to digital presence solutions. We’ll guide you through the process, ensuring you're set up for success. Let us be your first step towards building a thriving business!

Visit our partner, YourSupportLine, to learn more about financing, accountancy, and legal compliance, ensuring your business starts on a strong foundation.