Starting a business

It can be overwhelming to start a business and so some helpful guidance can make all the difference.

There are decisions to make – should you trade in your own name or incorporate a company?

A company can mean more costs and compliance but can give protection by limiting liability and presenting a more professional appearance.

Companies and sole trader (or partnership) businesses are taxed in different ways and so it can be helpful to understand what those are and which is best for you.

Either way you will want a good system in place to keep track of your income and expenses and what you are owed and owe.

Other considerations are opening a new bank account, employing staff, organising appropriate insurance and keeping the Revenue Service up to date with your own personal circumstances (if moving from employed to self-employed for example).

Contact us for a discussion on your exciting new plans!