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>> 97 points to consider when setting up a New Business

By John Foster FCCA Business Advisor
Tel 01202 428228 Fax: 01202 433631
Email: mail@jtfoster.co.uk
www.jtfoster.co.uk

Limited Company:-
61. You must register the name when setting up a company with the Registrar of Companies in either Cardiff or Edinburgh.
The name cannot be the same as any other, sometimes you may find similar names, you do need to check these to see if they are in the same industry, if so best to find a new name.

62. There is an obligation upon all businesses to maintain proper books and records to comply with either the self-assessment rules or the Companies Act. Ensure you understand what is required. Help and advice with this can be obtained from either the Inland Revenue or an Accountant.

Stationery
63. For limited companies you must comply with the following:
Letterheads and invoices must contain the following:
Name of Limited company
Registered Office address
Trading Address if different
Company number
Where the company is registered
i.e. (England & Wales)

Insurance
64. It is likely that you will need specific insurance particularly PL - public liability and EL - employers liability. If you employ staff the EL is compulsory and you must display the insurance certificate in your office. Additionally depending upon the industry you may need PL insurance Public Liability).

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