{"id":1375,"date":"2019-06-13T06:37:05","date_gmt":"2019-06-13T06:37:05","guid":{"rendered":"https:\/\/wembleysolicitors.com\/blog\/?p=1375"},"modified":"2019-06-13T06:37:05","modified_gmt":"2019-06-13T06:37:05","slug":"setting-up-a-small-business-in-the-uk","status":"publish","type":"post","link":"https:\/\/wembleysolicitors.com\/blog\/setting-up-a-small-business-in-the-uk\/","title":{"rendered":"Setting Up A Small Business In The UK"},"content":{"rendered":"

DID YOU KNOW? <\/b><\/strong><\/p>\n

Small businesses account for 99.3 percent of all businesses in the country’s private sector.<\/p>\n

Starting a business in the UK is fairly easy if you have the insight and finances to get your idea off the ground.<\/p>\n

If you take the city of London, only so percent of companies were able to survive in their first three years.<\/p>\n

This sheds light on the survival rate of small businesses in the UK, which emphasizes the need to ensure reliable backups, financial earnings and planning.<\/p>\n

Business Idea<\/b><\/strong><\/p>\n

Your business idea should be valid and must be around an idea that is doable.<\/p>\n

Before you even think about turning your business plan into a reality, think clearly about why you’re doing it.<\/p>\n

Ensuring that your idea is unique and not something that has already been done before is important.<\/p>\n

Legal Inquiries<\/b><\/strong><\/p>\n

Especially if you’re in the UK on a visa, you’ll need to find out whether you’re legally allowed to start a business in the UK.<\/p>\n

Once you’ve come up with a business plan, you’ll need to have your visa upgraded to the necessary visa and permit that’ll allow you to handle your plan without a hitch.<\/p>\n

Business Structure<\/b><\/strong><\/p>\n

Independently run, partner or limited?<\/p>\n

Online or brick and mortar?<\/p>\n

Knowing your business type before you go forward is essential for your success.<\/p>\n

Setting Up Your Business<\/b><\/strong><\/p>\n

As a sole trader, you can register your business under your own name for tax purposes with the HM Revenue and Customs department.<\/p>\n

Never approach any business-related endeavor without professional legal assistance!<\/p>\n

For all legal matters including business visas in the UK<\/a>, commercial leases and more,<\/p>\n

Reach Out To<\/p>\n

Wembley Solicitors<\/a><\/p>\n

\"\"<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

DID YOU KNOW? Small businesses account for 99.3 percent of all businesses in the country’s private sector. Starting a business in the UK is fairly easy if you have the insight and finances to get your idea off the ground. 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