Starting a business

Set up and register as self-employed

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To set up as a sole trader, you must meet your tax responsibilities by filling in your Self Assessment tax return each year and paying your tax and National Insurance.

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Set up and register a limited partnership

This guide explains what a limited partnership is, and how it can be created. It explains why limited partnerships must be registered with Companies House and how they are treated for tax purposes.

Set up and register a limited liability partnership

Limited liability partnerships (LLPs) offers reduced personal responsibility for business debts and are designed to be used by profit-making businesses.

Legal structures: the basics

When you are staring up your company, you need to identify the legal structure that best suits the way that you intend to do business, as your chosen structure will affect your financial liability, tax and National Insurance, and the ways your business can raise money.