Financial Foundation set up

Choose a legal structure:
You can operate as a sole trader, a limited company (Ltd), or a partnership. Each has different tax implications, legal responsibilities, and levels of personal liability.

Register with HMRC (and Companies House if Ltd):
Sole traders and partnerships must register with HMRC for Self Assessment. Limited companies must register with Companies House and HMRC for Corporation Tax.

Open a business bank account:
This separates your personal and business finances, which is essential for good record-keeping and professionalism. Most UK banks offer dedicated business accounts.