Frequently Asked Questions
In our experience there are standard questions asked by most prestarts on business structure, finance, marketing and taxation and you may find a quick and simple answer to your question below.
Please note answers are general and additional research is always recommended.
Business Structure
What kind of business structure should I set up as?
What’s the difference between setting up as a sole trader, a partnership or a limited company?
Legal Responsibilities
Can I give my business any name I like?
Do I need any licences or permits to operate my business?
What are my responsibilities in respect of health & safety?
Do I need to register under the Data Protection Act?
How do I register myself as self-employed?
Managing Money
What information needs to be included in a business plan?
How do I put together a cashflow forecast?
How can I get finance for my business?
How do I keep a record of my income and expenditure?
Do I need to open a business bank account?
How do I price my product or service?
Taxation
Do I need to register my business for VAT?
How do I find out about tax, NI and VAT requirements, and when they apply?
Marketing
Do I need a website for my business?
How can I contact other new businesses to use their services?
Employing People
What are the regulations around employing people?
How do I make sure that I employ the right people?
Premises
How can I find suitable premises for my business?
If your question is not shown above, please contact us by using our contact us form, or alternatively you can email us at info@edeal.org.uk or call us on 0844 2640390
