Business Start-ups

When you go into business for yourself, you can expect to put in long hours and a lot of hard work. It won’t all be plain sailing and there’ll be many challenges and risks along the way.

But going it alone can also bring great personal and financial rewards. Building a successful business – knowing what you’ve achieved through your own initiative and efforts – is one of the most satisfying things you can do.

While most people who start a business do so because they have a good idea and the drive and determination to see it through, they are unlikely to be experts in the legal, financial, and fiscal aspects of running a business.

That’s where Banks & Co can help. We’ll look at your business idea in a constructive and realistic manner and advise on ways to strengthen your proposals, to enhance your chances of success. We can also help you:

decide on the most suitable structure for your business – sole trader, partnership, limited liability partnership or limited company
complete any registration procedures with Companies House and HM Revenue & Customs
prepare a business plan, cash flow projections, budgets and trading forecasts
assess your finance requirements, advise on the best sources of finance, and draw up the necessary proposals
establish a good working relationship with your bank
deal with company secretarial issues
set up a recording system for your internal use and for complying with statutory requirements.

When you are getting a new business off the ground, the last thing you want is to be distracted by administration and paperwork that take up precious time and resources.

We also offer a range of business support services so that you can focus on establishing and building your business, including accounting and bookkeeping, payroll and VAT.

Starting a business in the UK (2011/12 Edition)
(pdf Download)

For more information on how we can help you, please contact us.