Loading
This site is currently in beta.
Get our free monthly newsletter
The latest news, case studies, events & opportunities across the creative industries.
Thank you! You are now subscribed to our newsletter.
Oops! Something went wrong while submitting the form.

By clicking the Join Now button, you agree to our Terms of Service and Privacy Policy.

Cookies Preferences
Close Cookie Preference Manager
Cookie Settings
By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage and assist in our marketing efforts. More info
Strictly Necessary (Always Active)
Cookies required to enable basic website functionality.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

First Steps

updated
February 16, 2021
Published on:
February 16, 2021

Q. What are the first steps I need to take to set up a business in the UK?

A. Our quick checklist for initial steps on setting up a business include:

  • Check name is available
  • Choose structure of company
  • Incorporate company through Companies House
  • Register UK address for company
  • Draw up a shareholders’ agreement. This will cover what happens to the business and individuals in a variety of circumstances.
  • Insurance

In your first year, you will need to make sure you have the following covered:

  • Bookkeeping and management accounts
  • Statutory accounts
  • VAT registration (if applicable)
  • Corporation tax
  • Personal tax

When employing your team, you need to make sure you have the following covered:

  • Employment contracts
  • Payroll
  • TUPE
  • Employee benefits
  • Pensions under auto–enrolment regime

Moore Kingston Smith

COMMERCIAL PARTNER

Moore Kingston Smith is the only firm of accountants and advisers with a dedicated office of over 100 media specialists that proactively supports the extensive range of needs of independent creative businesses

Feb 23, 2021
Business Helpdesk

Tax Incentive Eligibility

Read More
Mar 2, 2021
Featured Article

NEWS: 'Ones to Watch at CreaTech'

Read More
Mar 2, 2021
Featured Article

Ones to Watch 2019 Report

Read More