Business start up

Just as you carefully nurture a young seedling, so you should nurture your business idea – with the correct advice from professionals.

At Chowdhary & Co, we collaborate with you to understand your vision and expectations for the business. To put your business on a proper footing with HM Revenue & Customs (HMRC) and other authorities, you need to make sure that it has the right legal structure. It is worth thinking carefully about which structure best suits the way that you do business, as this will affect:

• the tax and National Insurance that you pay
• the records and accounts that you have to keep
• your financial liability if the business runs into trouble
• the ways your business can raise money
• the way management decisions are made about the business

There are several structures to choose from, depending on your situation.

Limited company, Sole trader, or Partnership?

We will advise you about the optimal entity form you should choose to maximise tax savings. The choice of the proper business form, coupled with proper accounting and tax oversight, can give you the flexibility you need to run your business in the most tax-efficient manner.

We invite all startup businesses to make an appointment for a free consultation on a no obligation basis and obtain professional advice at the outset.

Our business start-up service will provide you:

• Advice on choosing the correct trading vehicle
• Incorporate the company if you decide to go the route of limited company
• Advice on the correct shareholding structure if incorporating a limited company
• Advice on opening a bank account and establish a good working relationship with your bank
• Assist with raising finance
• Complete any registration procedures with Companies House, Inland Revenue, or Customs and Excise
• Draw up business plans and cash flow forecasts if required
• Deal with any company secretarial issues
• Deal with any other concerns you may have over starting your new venture.