4. Form your business
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Forming a business (02FORMNG) (PDF 142.9 KB) Download time approx. 1m 42s at 28 Kbps Download time approx. 0m 21s at 56 Kbps Download time approx. 0m 9s at 128 Kbps Download time approx. 0m 2s at 512 Kbps
Once you have made up your mind to go ahead, you need to get to grips with the legal requirements for forming a business.
Setting up your business in the right way keeps costs down. It can also help prevent your working relationships turning sour, one of the major causes of business failure.
This briefing covers:
- Deciding whether to operate as a sole trader, a partnership or a limited company.
- Choosing a business name, and other legal requirements.
- Agreements between business partners.
