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Setting up a Business

So, you’ve done your background research and decided that you are going to set up a business.

Use this and the remaining sections of the website to find out what else you need to think about including:

East Midlands Chamber has produced a start up checklist to summarise what you may need to check.

The UK Government website contains links to government advice on setting up.


Registering Your Business

HMRC Online Learning

Find out more about registering your business, VAT and other tax issues using the HM Revenue and Customs online learning packages. Use this for more information on keeping records, business expenses, growing your business, taking on staff, national insurance and payroll issues as well as VAT, etc.

If you are unsure about whether your current online or other trading activity needs to be notified to HMRC, have a look at the video Trading or Not?

HMRC also offer webinars and online training on a range of subjects that you will need to address


Business Insurance

Association of British Insurers

Getting the right business insurance is essential. The type of insurance you need will depends on your business and may include employer’s liability insurance, professional indemnity insurance, business premises and contents insurance, motor insurance, business interruption, etc.

The Association of British Insurers website outlines the different types of business insurance have have a special booklet ABI guide on insurance for your small business.

Additional information relating to insurance for business can be found on the Startup Donut http://www.startupdonut.co.uk/startup/business-law/insurance-for-businessweb pages.

Members of the Association of British Insurers are listed here.