Setting Up A Business In The UK: The Legal Considerations
Published date | 26 July 2023 |
Law Firm | Dixcart UK |
Author | Ben Habershon LLB (Hons) |
Setting up a new business in the UK can be time-consuming and complicated, with a variety of different rules and regulations to consider. Dixcart Legal Limited (Dixcart Legal) can assist with understanding the legal requirements in a seamless way (as well as providing access to tax, IT, and payroll teams if required) so that founders and directors can focus their attention on the business.
Set out in this note are some key considerations when setting up a company in the UK.
ISSUES TO CONSIDER BEFORE YOU SET UP A BUSINESS
- Where do I want to sell my products/services?
- Do I want to form an establishment in the UK or do I want to appoint a third party, such as an agent, initially?
- What is the cost of establishing a company in the UK?
- If I do want to set up a business in the UK, what sort of legal structure do I require?
- What rules and regulations do I need to comply with?
- Do I need to register for VAT?
- What do I need to do before I start trading?
- What do I need to do once I start trading?
- Do I need a property?
- Do I need a registered office in the UK?
- What name do I intend to use for my business?
- Do I need personnel?
- Will staff from overseas be working in the UK?
- Do I need a website?
- What data protection rules apply?
- Do I need trading contracts (e.g. terms of business or sale distribution agreements)?
These are only a few of the considerations to take into account. Below, we have outlined the summary information and how Dixcart can help.
1. What legal structure should be used?
This should be...
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