Setting up and running a company in UK is easy!!
1 Register a company
- Decide who will be the director
- 15 mins to register
- 1-2 weeks to get certificates
2 Open a Business Bank Account
- Countin up (15 mins)
- Natwest (1-2 weeks)
3 Sign up for Gateway Account
4 Register for Corporate Tax return
- Do your returns (manually or use the software)
5 Register for VAT
- Although not necessary in the beginning but I would recommend if you are planning to grow
6 Register for PAYE
- This is needed when you plan to hire and pay employee
7 Start doing business
- Keep your company documents at one place
- Get a website
- Make company logo
- Create templates for proposals, letter head, Invoices and other documents
- Keep track of all the incoming/outgoing money (Balance Sheet)
- Get payment gateway like Stripe
8 Use a software like FreeAgent
- Raise Invoices
- It can connect to your bank account
- File Corporate Tax and VAT returns
- Much more