Tips for setting up your own limited company

Starting a limited company of your own can be a very exciting time for a new business owner. But there are also a lot of already established sole traders who have been in business for a while who can decide to change their business structure for the better and turn their successful business into a fully registered Limited Company. 

With regards to finding the correct bookkeepers for a limited company, our Startup Accountants can help you with documentation. Registering as a limited company can help your business to become even more successful because customers and B2B companies will be more likely to trust you and buy your products or services. In fact, a lot of B2B companies will only trade with another limited company as a general rule so that they can pay you in the long run to register your business and form a limited company,

If you're thinking about starting a brand-new business on the right foot by setting up your own limited company, or if you're thinking about taking your existing business to the next level and turning it into a limited company, then we've got some top tips and advice to help with your planning and procedures.

Think about it through

This applies more to those looking to start a brand new business, because not everyone has what it takes to start a successful company. You might have a brilliant business idea, but it takes more than a good idea to make a business a success.

Are you really ready to take on all the day-to-day tasks it takes to run a business? Every single business, no matter how large or small, needs to have a sound structure in place that ensures that all the necessary tasks are carried out every single day.

If you're a solo entrepreneur and want to take everything on your own, you're really prepared to do everything from building your own website, marketing your goods or services, balancing your accounts and accounts, looking after your customer queries, maintaining your social media contact, dealing with HMRC and Companies House deadlines, right down to answering your business calls, and more.

Do you have what it takes to start, sustain and grow your business? You may need to take some time think about different strategies and take the help of Startup Accountants for certain jobs.

Look at some useful options, such as:

  • Hiring a business accountant's services
  • Use your business call handling service
  • Use your professional mail handling service
  • Use a trustworthy Company Formations Company
  • Hire a web developer freelance

The most important part of becoming a successful business owner is to realize that you don't have to do every single business task on your own. You can ask for some help. It makes sense to take as much pressure off your shoulders as you can, especially if you know that you're not particularly good at work.

Test your business idea thoroughly.

You may have settled on your business idea, but you need to explore all avenues to make sure that it can become a reality. Do some market research to ensure that whatever product or service you plan to offer you will have an eager customer base.

  • Is there something you plan to offer that people actively want or need?
  • Is that something you can make a decent profit from?
  • Is your product or service actually working and delivering results?
  • Are you going to have a large enough customer base to make it viable?
  • Are your customers going to become repeat buyers?

Formulate your limited company and register your business name

You may already have your heart set on a perfect business name for your new company, but you need to make sure that your chosen name is not already used by another registered company. You can check the availability of your chosen name using our online company name checker to do this. You can do this on our home page of our website. Simply type your chosen company name into the search bar and we will be able to tell you immediately if your chosen name has already been entered.

If your chosen business name is available, you can instantly register it with Startup Accountants so that no other business may take your chosen name to trade under. We will process the formation of companies on your behalf and register your new Limited Company officially with Companies House. This will give your new company a full legal structure that will allow your company to exist in its own right and protect your company name.

Forming your own Limited Company not only demonstrates your commitment and commitment to making your business a success, but also demonstrates to your customers, clients and B2B partners that you are a professional business that can be successful.


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