Business start-up This section contains advice on some of the key considerations when starting a new business. Contact us for more detailed advice. Business structures - which should I use?Having made the decision to be your own boss, it is important to decide the best legal and taxation structure for your enterprise. The structure for you will depend on your personal situation and your future plans. Consider the options available.Raising financeEvery business needs finance - we look at what type of finance is best suited to the development of your business.Sources of financeThe financing of your business is the most fundamental aspect of its management. Get the financing right and you will have a healthy business, positive cash flows and ultimately a profitable enterprise. We summarise the means of finance that are available and where we can help.Considerations when starting a businessIt is the ambition of many people to run their own business but there are many issues and pitfalls to consider. What issues should you consider when setting up in business?Credit controlWe consider what you need to be checking in order to understand if your customer can support the amount of credit you are granting.FranchisingFranchising is becoming increasingly popular. This factsheet considers the advantages and disadvantages of franchising and points to consider when considering operating as a franchise.IncorporationThe issue of whether to run your business as a company or a sole trade or partnership is an important decision. In this factsheet, we summarise the relevant tax changes and show the potential tax savings currently available from operating as a company.An introduction to the tax system for the self employedKey tax issues you need to know about.Insuring your businessAre you sufficiently covered?Choosing your accounting dateWhat is the best date to choose?Writing a business planHow to write an effective business plan.Names, trademarks, patents and other registrationsThe key legal requirements.Taking on staffIssues when hiring employees.