Thread: New Starter Business Advice

Hey Guys,

I'm about to start offering web space and integrated web solutions in the next few weeks. Initially I will only be offering this service to local businesses and as such I think I can get away with handling payments by cash/cheque. My questions are

1) I need a bank account into which to pay the customers cash/cheques. I would much prefer an account in the name of my company as it is more professional. Is this possible?

2) Do I need to inform the tax man or companies house or anything to begin with? I don't expect to be making much money to start with - I don't expect to earn anything like £4K a year so does the tax man need to know at all?

3) What other things should I consider from a business perspective?

Thanks for any help.

Thanks for your help guys. I'll probably drop into my local business link and see what they advise.