Success Matrix Enterprise

Legalities and Cost of Business

Company Formation

So why do you need to set up your own business in the right way, and how would that keep costs down?

You (and anyone else going into business with you) needs to decide whether to operate as a sole trader, partnership or a limited company. Think about what will your business name will be (some will not be allowed for limited companies) and think about what your legal requirements are at this early stage.

Thought and decision-making now ill help prevent your working relationships turning sour, one of the major causes of small business failure.

  Download PDF - Forming a New Business

 
Financing your Business

Money will play a huge factor in your business, and not always for the reasons you may have hoped!  A solid financial base is essential when you are starting up a new business – whether you are using savings, borrowings or funding. The right financing package will carry you through any temporary difficulties yet still allow you to make the most of growth opportunities when they arise. And think about practical matters such as your own wages, so you can still pay your mortgage and bills.

You can download our PDF on Financing your Business but, as with everything, remember you can talk to us as well. (Click here)

If you need to source funding, we do have a comprehensive database of all the local sources of finance that you could access for your new business.

  Download PDF - Financing Your Business

  Sources of Funding - Free online Search

Getting Legal Advice

It is always worth consulting a solicitor to ensure you start your business correctly. They can advise you on your business, including licenses, regulations, employment and contracts with your supplier’s and/ or customers.

  Keep up to date with legal issues and subscribe to our Legislation e-bulletin