Business Start-ups

Business Start-upsStarting a business is daunting

If you are not an Accountant, then starting a new venture is a very daunting task. Doing a tax return is not why you set up in business, after all. You setup business to do what you are good at and enjoy doing. So unless you are an accountant, bookkeeping, accounts and tax can be a nightmare.

Apart from having to implement a system to monitor business transactions, regulatory requirements have to be met. The best way (based on feedback from clients) we can help you, if you are considering a Start-up venture, is to give you the confidence and freedom to go out and generate revenue without having to worry about administration issues. That's what you will pay us to do.

We can help you with:

Structure
We will look at the legal set-up and ambitions of the business and advise you on the most appropriate structure to meet your needs such as sole trader, partnership or limited company. If you decide you need a new company, then we can register a completely new limited company and carry out all the relevant secretarial work.
Record Keeping
In the start-up days, you may decide a manual bookkeeping system will be sufficient to keep track of your transactions. If we are doing your bookkeeping, then you do not have to worry about keeping records. Send us your receipts and statements and we do the rest. However, you do not need to understand bookkeeping to be able to complete Bookkeeping spreadsheets supplied to you by us. By completing and emailing them to us, it helps keep our costs down and has the added benefit of training you to become more self-sufficient, if that is the route you want to take in the future.
Company formation and Company Secretarial work
Start own businessThe proprietors of many small businesses choose to operate as a limited company, for practical, legal and commercial reasons.

The role of Company Secretary is a statutory position dealing with legal and reporting issues arising from the Companies Acts, which govern how a company is run. If you do not have the time or technical knowledge to fulfil the legal requirements of being a company secretary, then that is not a problem, since we can deal with all of this work for you at no extra cost, including:

  • Company Formation
  • Completion and submission of statutory forms
  • Maintenance of statutory registers
  • Dealing with appointment and resignation of officers
  • Assistance with annual Confirmation statements and registers of ‘Persons with significant Control’.
Regulatory Requirements
In addition to the Companies Act requirements, we can advise or point you in the right direction regarding;

  • All financial aspects of PAYE , NI contributions and VAT
  • Check your legal responsibility for Health and Safety
  • Look at environmental issues
  • Advise on Employee rights
  • Check that premises are suitable for the business venture with local Planning departments
  • Look at intellectual property rights such as company name and logo
  • And make sure you have all the relevant licences to carry out business.

Basically, the list is endless and a lot of our advice is included within your agreed fees.  If we can encourage you to use Hill Lillis & Co more as a Business Advisor than the archetypal Accountant, and do so without having to worry about how much it will cost, then it has got to be good news?

Keep in touch

For more information on the above, please Contact Us or telephone on 0121 384 4222 and we will be glad to answer any questions you may have. Even better, why not book your FREE consultation today, it only takes a minute. At this stage, if you are just looking for an idea of how much our services cost, then please feel free to complete our Request a Quote Form and we will get back to you within 48 hours.

In the meantime, why not follow us on Facebook or Twitter for the latest news that may affect your business or subscribe to our Newsletter for automatic email updates. If you are out and about in the Sutton Coldfield, Kingstanding, Great Barr, Minworth, Erdington, Birmingham or West Midlands area, why not give us a quick call to confirm if we can arrange an immediate, free consultation.