A) The Inland Revenue- Depending upon your businesses legal status it is important that you register with the Inland Revenue within your first three months of self-employment to avoid paying a penalty. The leaflet P/SE/1 "The Right Way To Start Your Business" contains information regarding your Inland Revenue obligations and a registration form.

 

Your insurance company -All businesses need insurance as soon as they start trading. By law, some additional insurance policies are required, such as professional indemnity insurance.

 

Companies House- If you are setting up as a limited company or limited liability partnership, you will need to register with Companies House.

 

It is vital that you take professional advice before making any major business decisions, make sure you are compliant with regulations at all times and that you keep up to date with legislation changes that affect you.