Business Start-Ups

Starting up a business can be a daunting and stressful prospect for many entrepreneurs.

Many decisions have to be taken on the most appropriate vehicle to use, the finance requirements, your income requirements etc, as well as considering the matters that will affect profitability such as sales, pricing and costings.

CP Waites will work closely with you to understand the nature of your new venture and your personal objectives to enable us to advise you at a crucial time in your business.

We can advise on such issues as:

• The pros and cons of being a sole trader, partnership, limited company or limited liability partnership
• Company formation and the most appropriate shareholdings
• The importance of shareholder or partnership agreements
• Ways of raising finance
• Tax-efficient finance raising through the Enterprise Investment Scheme or the Seed Enterprise Investment Scheme if there are outside investors
• Tax-efficient income extraction for you
• Registering the business with all relevant bodies
• Setting up a bookkeeping system that works for you

We can then, of course, assist you with a business plan or cash flow forecasts. Once the business has commenced, we can assist you in monitoring your budgets to actuals and amending the budgets as appropriate.